AUD/NZD has ebbed 13 pips lower and.....>

AUSSIE-KIWI: AUD/NZD has ebbed 13 pips lower and last deals at NZ$1.0338, after

the release of Australian private credit data and NAB business confidence

survey. All three private credit metrics declined, with investment lending and

owner-occupier loan value shrinking more than exp. Meanwhile, NAB biz.

confidence printed at 2 vs. the prev. 4. The rate last sits at NZ$1.0343.

- This comes after AUD/NZD finished virtually unchanged Monday, as both sides of

the pair tracked broader risk appetite.

- The initial layer of support is provided by NZ$1.0332, which limited losses

yesterday. Below here opens the psychological NZ$1.0300 level. Conversely, bulls

look for a break above yesterday's peak at NZ$1.0367, which would bring the

21-DMA at NZ$1.0410 into view.