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***The pre election trimming of NZ's....>

AUSSIE-KIWI
AUSSIE-KIWI: ***The pre election trimming of NZ's growth and budget surplus by
their treasury has prompted the cross to jump higher from around N$1.0865 to
N$1.0908. Lack of additional fiscal spending is seen as a headwind for the kiwi,
encouraging Aussie-kiwi longs who are now targeting a move towards N$1.1000.
MNI's Kyle Shortland notes from a technical point of view, 'Bulls are currently
focused on NZ$1.0882 and look for a close above to reconfirm a bullish bias
targeting NZ$1.0935-1.1020. Aussie-kiwi was last at N$1.0898.

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