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AUD/NZD Edges Higher, Looks For Fresh Cues

AUSSIE-KIWI

AUD/NZD has edged higher and last sits +5 pips at NZ$1.0751. Topside focus
falls on the NZ$1.0755-59 area, which capped gains on Jun 24, Jul 21 &
Jul 28. A clean break here would open up ascending channel top at
NZ$1.0806. Bears look for a pullback through the 50-DMA at NZ$1.0690,
towards Jul 27 low of NZ$1.0672.

  • Australian Q2 CPI data takes focus in the region from here.

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