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AUD/NZD has moved higher, as AUD........>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD has moved higher, as AUD outperforms on the back of Fitch
affirming Australia's AAA credit rating; outlook stable.
- The rate last deals at NZ$1.0847, back above the 200-DMA (NZ$1.0829), which
now acts as initial support. Bulls now look to the October 19 high (NZ$1.0875),
followed by NZ$1.0900 and the 100-DMA (NZ$1.0903).
- Downside momentum in the rate has faded over the last couple of sessions, with
the catalyst for the recent jolt lower seemingly coming in the form of the
stronger than exp. Q3 NZ CPI reading, released earlier this month. Next week's
Q3 AU CPI print will be key.
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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