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- NZD/USD bears are testing key support.
- RBNZ is the focus with rate rises on the way.
NZD/USD is trading around 0.6240 in a phase of consolidation but under pressure. Global equities slid on Tuesday as talks over the US debt ceiling continued without resolution. We also have yields on one-month US Treasury bills running into a record high. Rising yields and a stronger US Dollar pressured the high beta NZD.
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