AUD/NZD has dropped 10 pips thus far....>

AUSSIE-KIWI: AUD/NZD has dropped 10 pips thus far and last sits at NZ$1.0554,

with the kiwi outperforming its G10 peers at writing.

- Worth noting the RBNZ has said that "as of 2018, the EMS measure indicates

near-record levels of monetary stimulus" in an analytical document published

earlier today. The full text can be found at https://bit.ly/2Z0UtNf

- A fall through the 100-DMA at NZ$1.0488 would give bears the upper hand,

bringing the 50-DMA/21-DMA at NZ$1.0429/21 into view. Meanwhile, bulls look for

a return above the recently breached channel support-turned-resistance at

NZ$1.0579, which has capped gains thus far. Above here opens yessterday's

monthly high of NZ$1.0597.