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(M1) Bullish Focus

KIWI
KIWI: The theme of broader USD strength weighed on the NZD/USD cross on
Wednesday, after a soft start to the session during Asia-Pacific hours.
- The rate's YtD low ($0.6501) was tested with many citing $0.6500 as a critical
support level. Bulls initially need to regain $0.6570.
- The NZ docket is thin for the remainder of the week, so the rate should trade
off of broader USD themes & risk dynamics.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com