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AUD/NZD Fails To Break 1.1000, AU Consumer Confidence Shortly

NZD
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  • The AUD/NZD finished the session up 0.15% at 1.0998, although was unable to break above 1.1000.
  • Focus will turn to WBC Consumer Confidence, and the NAB business Surveys today, with the RBNZ becoming tomorrows focus.
  • Key levels to watch: Initial support lays at 1.0923 (20-day EMA) a break here would open a move to 1.0889 (50-day EMA). While a break back above 1.1011 (July 5 high) would open a move to the yearly highs at 1.1031 (May 7)
  • The AU-NZ 2yr swap is 1bp lower at -43bps
  • Expiries: 1.100 (100m), 1.0950 (200.92m), 1.0870 (240m), 1.0740 (140m) for July 8th NY Cut. Upcoming notable strikes include; 1.0770 (204.28m) & 1.0870 ($147.19m) July 9th
  • Today, AU WBC Consumer Confidence & NAB Business Surveys
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  • The AUD/NZD finished the session up 0.15% at 1.0998, although was unable to break above 1.1000.
  • Focus will turn to WBC Consumer Confidence, and the NAB business Surveys today, with the RBNZ becoming tomorrows focus.
  • Key levels to watch: Initial support lays at 1.0923 (20-day EMA) a break here would open a move to 1.0889 (50-day EMA). While a break back above 1.1011 (July 5 high) would open a move to the yearly highs at 1.1031 (May 7)
  • The AU-NZ 2yr swap is 1bp lower at -43bps
  • Expiries: 1.100 (100m), 1.0950 (200.92m), 1.0870 (240m), 1.0740 (140m) for July 8th NY Cut. Upcoming notable strikes include; 1.0770 (204.28m) & 1.0870 ($147.19m) July 9th
  • Today, AU WBC Consumer Confidence & NAB Business Surveys