AUD/NZD has added 21 pips thus far......>

AUSSIE-KIWI: AUD/NZD has added 21 pips thus far and last trades at NZ$1.0422 as

NZD has continued to unwind its reaction move seen upon the release of New

Zealand's Q3 GDP report. Published in the U.S./Asia crossover, the data allowed

AUD/NZD to print a fresh multi-month low of NZ$1.0367 as NZ economic growth

accelerated more than expected on a Q/Q basis. A negative revision to the prior

reading of the Q/Q figure, which brought it to +0.1% from +0.5%, inspired the

immediate dissipation of kiwi strength.

- Bulls need a break above yesterday's high of NZ$1.0441 before targeting the

Dec 13 peak at NZ$1.0487. Meantime, bears look for a fall below the

psychological NZ$1.0400 barrier, which would expose the aforementioned

multi-month low of NZ$1.0367.

- The focus is on Australian labour mkt report, due shortly.