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AUD/NZD has added 13 pips so far and....>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD has added 13 pips so far and trades at NZ$1.0700, with the
rate supported by a "golden gross" (50- over 200-DMA) formation. It remains
confined to yesterday's range as there has been little out of Australia or New
Zealand to move the needle either way.
- Bulls need a jump through May 26 peak at NZ$1.0741 to bring the NZ$1.0844
cycle peak, printed on May 18, into view. Bears look for a fall through May 22
low of NZ$1.0668, which limited losses yesterday. This would clear the way to
May 11 low of NZ$1.0608.

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