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AUD/NZD has added 9 pips and sits.......>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD has added 9 pips and sits NZ$1.0696 at typing. The rate has
been pushed a touch higher by yesterday's risk-on impetus, with little of note
seen out of the Antipodes so far. The kiwi showed virtually no reaction to
Westpac Consumer Confidence Index, which deteriorated to 97.2 from 104.2 in the
second quarter.
- Bulls need a jump above Jun 10 high of NZ$1.0729 to get a green light for
targeting Jun 2 high of NZ$1.0881. On the downside, a slide through yesterday's
low of NZ$1.0582 would clear the way to the 200-DMA/38.2% retracement of the Mar
18 - Jun 2 rally at NZ$1.0544/43.
- Australia reports house price index & weekly payroll jobs and wages today,
with RBA Jun MonPol meeting minutes also due.

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