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The Kiwi has unwound the the marginal..........>

KIWI: The Kiwi has unwound the the marginal outperformance that it experienced
in early dealing.
- NZD/USD had a look above $0.6800, last $0.6785. Bulls need a close above
$0.6823 to gain breathing room and above $0.6921 to shift initial focus back to
$0.6942-96 where the 55-DMA is noted.
- AUD/NZD printed a low of NZ$ 1.0865, last ~NZ$1.0880. Bears look for a close
below NZ$1.0830 to confirm a break below the 200-DMA, easing bullish pressure
and return focus to NZ$1.0775-1.0807 where 21 & 55-DMAs are located.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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