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AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD has added 18 pips thus far and last sits at NZ$1.0507 after
the release of softer than exp. AU housing finance data & slightly firmer biz.
conditions/confidence. Bulls look for a break above the 50-DMA/21-DMA at
NZ$1.0523/28, which would draw their attention to NZ$1.0536, where the rate
peaked last Friday. Meanwhile, bears keep an eye on yesterday's low of
NZ$1.0483, which limited losses also today. A break below would allow them to
gain some downside impetus.