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Tuesday saw NZD/USD top out at $0.6533, just...>

KIWI
KIWI: Tuesday saw NZD/USD top out at $0.6533, just ahead of the WMR fix, but the
rate pared most gains. It finished the day only slightly above neutral levels.
- Focus urns to the monetary policy decision from the RBNZ, due later today. Our
preview of the decision can be accessed via the following link:
- https://emedia.marketnews.com/marketnewsintl/MNI_RBNZ_Preview_June_2020.pdf
- NZD/USD changes hands at $0.6497, a handful of pips better off. Bulls look to
take out Jun 23 high of $0.6533 before targeting Jun 9 high of $0.6580. Bears
need a fall through Jun 22 low of $0.6377 before taking aim at the 200-DMA/23.6%
retracement of the Mar 19 - Jun 10 rally at $0.6324/21.
- As a reminder, New Zealand's trade balance hits the wires on Thursday, while
ANZ Consumer Confidence comes out on Friday.

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