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AUD/NZD has added 13 pips, last.........>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD has added 13 pips, last trades at NZ$1.0487. Australia has
just reported stronger than expected housing finance figures & NAB Business
Confidence Survey, which saw headline index improve to -1 from -2, with the
conditions metric unchanged at 3.
- The rate is testing resistance from the Dec 13 high of NZ$1.0487. A clean
break above would draw attention to the 38.2% retracement of the Nov 7 - Jan 27
slide at NZ$1.0521. Bears take note of the bearish 100-/200-DMA crossover & look
for a pullback under the Jan 15 high of NZ$1.0459, towards the NZ$1.0406 50-DMA.

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