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AUD/NZD cratered to lows of NZ$1.0106...>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD cratered to lows of NZ$1.0106 over the flash crash
(registering the lowest level seen since 2015 in the process), from ~NZ$1.0480
before hand, before recovering, last trading 45 pips or so lower on the day at
NZ$1.0455.
- Bears look for consolidation beneath the December 2018 low of NZ$1.0434, this
would allow them to target the June 2017 low at NZ$1.0362. Bulls continue to
look for a close above the 21-DMA at NZ$1.0498, followed by a series of recent
intraday highs layered between NZ$1.0527 & NZ$1.0555.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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