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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 upper side of the
rather narrow $0.6954 to $0.6988 range seen so far. Despite the Senate passing
the tax bill, which now goes to the president to be signed into law, the dollar
has by and large remained unmoved, suggesting it had already been discounted by
the market. Ahead, NZ Q3 GDP data (2145GMT) provides a formidable event risk,
the consensus is for the economy to expand by 0.6% q/q and 2.4% y/y. Support is 
seen at $0.6937 (38.2% fib $0.6781-0.7034 rise), while daily trend-line
resistance is noted at $0.7017. Kiwi is currently changing hands at $0.6980

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