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Free AccessAUD/NZD Continues To Edge Higher Makes New YTD Highs
- AUD/NZD edged higher again on Tuesday, up 0.13%. The cross made new YTD highs of 1.0926, while we have opened just off those intraday highs at 1.0917
- Key technical levels to watch: Initial resistance is now 1.0945 (Nov 11 highs), above here the round number 1.100 becomes a target. While to the downside, initial support is 1.0827 (20-day EMA), below here the 1.0770-10780 (50, 100, 200-day EMAs) area would be the next targets.
- The AU-NZ 2Y swap is 5bp higher at -78bps.
- Upcoming expiries: US$329.86m puts with a 1.0900-1.0935 strike for March 3rd NY cut
- Looking ahead: Calendar is light today
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.