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We highlighted in an FX Analysis email on.....>

FOREX
FOREX: We highlighted in an FX Analysis email on Friday (1230GMT) that should
GBPNZD fail to make a convincing break of trendline support, it could see a
short-term recovery towards the 38.2% retracement level of NZ$2.0476-1.8127 at
NZ$1.9020. GBPNZD comfortably closed above this technical level on Friday with
gains extending through Asia to NZ$1.8990. Up trend-line support comes in today
at NZ$1.8899 with bulls looking to challenge the next key resistance area at
NZ$1.9209 from the 100-dma. Last NZ$1.8960. 

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