AUD/NZD has shed 4 pips thus far and....>

AUSSIE-KIWI: AUD/NZD has shed 4 pips thus far and last sits at NZ$1.0745, with

New Zealand off for a public holiday. Familiar risk events have been in focus,

while locally, the AFR reported that the gov't is planning to unveil a fresh

stimulus package for building industry this week. On the data front, AiG M'fing

PMI improved to 41.6 from 35.8, while final CBA M'fing PMI was revised to 44.0

from 42.8.

- A retreat under May 28/22 lows, coinciding at NZ$1.0668, would bring May 11

low of NZ$1.0608 into play. Meanwhile, bulls remain in charge after the recent

"golden cross" formation and look to a rebound above May 18 high of NZ$1.0844.

This would open up Nov 7 high of NZ$1.0866.