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AUSSIE-KIWI: AUD/NZD has edged lower in early Asia-Pacific trade and last sits
- The pair dropped 34 pips Friday, with kiwi finishing atop the G10 pile, as
stronger than expected NZ building construction work put into place supported
NZD from the off.
- Bears look for a breach of NZ$1.0343, where the rate bottomed on Friday, which
would allow them to target the lower 1.0% 10-DMA envelope at NZ$1.0295.
Meanwhile, the topside focus falls on Friday's peak at NZ$1.0394, ahead of the
21-DMA at NZ$1.0417.