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The flightless bird looks set to open in.......>

KIWI
KIWI: The flightless bird looks set to open in Asia toward the lower side of the
$0.7162 to $0.7196 range seen so far today, where broad-based dollar strength
remains the theme following Yellen's weekend comments that maintained
expectations of a further Fed rate hike this year. Ahead, NZ Q3 CPI (2145GMT) is
the main focus, MNI's median is for a rise of 0.4% q/q and 1.8% y/y. Resistance
currently holds at $0.7197 (38.2% fib $0.7433 to $0.7051 decline), a break to
expose $0.7242 (50% fib on the same move), while support is located at $0.7142
(38.2% fib $0.7051-$0.7197). Kiwi was last at $0.7169.

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