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AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD has operated in a narrow 35 pip range overnight, softening
over the last hour or so as the NZD/USD firmed above $0.6800. This comes after
the rate briefly broke below NZ$1.0600 on the back of RBA Gov. Lowe's comments
Tuesday.
- Rate last NZ$1.0616. Bears look to NZ$1.0600, followed by yesterday's low at
NZ$1.0590, ahead of the Apr 18 low at NZ$1.0576. Bulls have failed to
consolidate > NZ$1.0700 in recent sessions & need to reclaim the figure to open
up a series of recent intraday highs between NZ$1.0747 & NZ$1.7667, with the
21-DMA at NZ$1.0748 layered in-between.
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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