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AUSSIE-KIWI: AUD/NZD continues to operate on the NZ$1.09 handle, where it has
been situated for the majority of the week, experiencing a crimp in volatility
as the NZD & AUD have weakened in near lockstep against the greenback, following
their recent attempts at a move higher.
- Rate last deals at NZ$1.0920. The 50-DMA (NZ$1.0946) will likely act as a
short term pivot point, with the weeks high (NZ$1.0952) and low (NZ$1.0890)
providing the initial points of resistance and support.
- Regional points of interest during the remainder of the week centre on
Australia, with retail sales data and a speech from RBA's Heath due Friday.