AUD/NZD closed above its 200-DMA........>

AUSSIE-KIWI: AUD/NZD closed above its 200-DMA (NZ$1.0832) on Wednesday,

recording the highest level seen since the stronger than exp. NZ CPI release

(earlier this week) in early Asia-Pacific dealing today at NZ$1.0900.

- The latest leg higher came about on the back of a lower than exp. AU

unemployment rate in the latest labour market report, however, gains have been

tempered by the realisation that the fall in the unemployment rate was driven by

a fall in the participation rate, while headline job growth missed exp. All in

all, absent an uptick in wage growth over the coming months, the latest leg

lower in the unemployment rate, if maintained, is unlikely to have a major

impact on the trajectory of RBA MonPol in isolation.

- Rate last ~NZ$1.0870, support comes in at the 200-DMA, with initial resistance

at today's high, NZ$1.0900.