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Today's Asia-Pac session saw soft Chinese......>

KIWI
KIWI: Today's Asia-Pac session saw soft Chinese Caixin PMI data paired with an
apparent spillover from AUD weakness weigh on NZD, pressing the kiwi to the
bottom of the G10 pile. NZD/USD last trades at $0.6792, 27 pips worse off on the
day.
- After the rate breached its 50-DMA at $0.6796, bears look to the nearby 55-DMA
at $0.6792 and a clean break below would open up $0.6771, which represents the
100-DMA. Bulls will look to reclaim the 50-DMA & $0.6800 before looking to the
21-DMA, situated at $0.6819.
- NZ focus this week falls on NZ Q4 manufacturing data due Friday.

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