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AUD/NZD has added 18 pips thus far......>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD has added 18 pips thus far and last sits at NZ$1.0597. As a
reminder, kiwi was pressured by a soft REINZ house sales print released ahead of
the Asia trade, while AUD saw muted reaction to a smaller than exp. decline in
home loans. Also talk of some modest NZ funding pressure around the upcoming NZ
holiday. 
- Initial resistance noted at the nearby psychological NZ$1.0600 level, which
has capped today's gains, followed by yesterday's peak at NZ$1.0610. Conversely,
bears look for a fall through the 50-DMA at $1.0570 before challenging
NZ$1.0548, where the pair bottomed yesterday.

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