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Yesterday's Asia-Pac session saw NZD/USD.......>

KIWI
KIWI: Yesterday's Asia-Pac session saw NZD/USD advance on the back of warmer
comments re: China from U.S. President Trump, which allowed risk appetite to
rear its head. Having peaked at $0.6592, however, the rate descended from highs
through the rest of the day, finishing 9 pips above Monday's close.
- NZD/USD last seen at $0.6575, almost unchanged on the day.
- Bulls look for a break above the channel resistance, which kicks in at
$0.6587. This would encourage them to target the 21-DMA, located at $0.6630. On
the downside, initial attention is drawn to the lower 1.0% 10-DMA envelope at
$0.6530 & the May 8 YTD low of $0.6527.
- NZ focus turns to BusinessNZ m'fing PMI and PPI, both due Friday. A batch of
Chinese releases, due later today, will also provide interest.

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