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The NZD has been the outperformer in the.......>

KIWI
KIWI: The NZD has been the outperformer in the major FX space in early dealing
this week, managing to post marginal gains against the greenback.
- NZD/USD last deals at $0.6775, after posting session highs of $0.6993 before
succumbing to broader USD strength.
- NZD/USD briefly eased back to unchanged levels after the release of the NZ
Tsy's monthly economic indicators noted that the gov't body is "seeing signs of
less momentum in the economy" flagging soft business confidence as a risk to
GDP.
- Resistance is noted at $0.6823 (Low June 21 now resistance) while support is
seen at $0.6734 (2018 Low June 29).
- NZD traders will look to tomorrow's NZIER Quarterly Survey of Business Opinion
as the key release during the week ahead.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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