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NZD/USD: a further squeeze higher today cannot be ruled out - ANZ

Analysts at ANZ noted that the kiwi has popped back over 69 cents and is hovering there at present. 

Key Quotes:

"With little news or speakers, and mild market moves elsewhere, it appears to be a position-related squeeze, with perhaps even month-end flows contributing. 

A further squeeze higher today cannot be ruled out, although we suspect topside resistance will hold as markets await some larger potential catalysts later this week.

Support 0.6850. 

Resistance 0.6950."

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