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AUD/NZD has eased back below............>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD has eased back below NZ$1.0700 in early trade this week,
with the rate last dealing at NZ$1.0675, a handful of pips lower on the day.
- Bears look for consolidation below the nearby 200-DMA, located at NZ$1.0678,
to open the way lower. Initial support located at the April 18 low of NZ$1.0661,
with resistance above the 200-DMA located at the psychological NZ$1.0700 level,
followed by the recent intraday highs.
- Tomorrow's Australian CPI data provides the headline of this week's Antipodean
docket, ahead of the ANZAC holiday, scheduled for Thursday. NZ trade & consumer
confidence data will hit on Friday.
Chart: AUD/NZD vs. some relative rate spreads:
- https://emedia.marketnews.com/marketnewsintl/AUDNZD_Vs._Rates.png
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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