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AUD/NZD has fallen 27 pips and last.....>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD has fallen 27 pips and last trades at NZ$1.0312, as AUD
sits at the bottom of the G10 pile, while NZD outperforms all of its G10 peers,
save GBP. BBG cited a trader saying that AUD weakness is mostly due to sales
against NZD
- A break below the psychological NZ$1.0300 level, which limited losses
yesterday, would allow bears to attempt a move at the Mar 13 low of NZ$1.0294, a
level not seen since the Jan 3 flash crash. Conversely, bulls look for a breach
of NZ$1.0344, which represents the down trendline from Jan 21 YTD high, after
the rate had a brief look above in early Asia-Pac trade.
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