AUD/NZD has struggled to gain...........>

AUSSIE-KIWI: AUD/NZD has struggled to gain traction above $NZ1.0900 in the wake

of yesterday's slightly softer than expected headline AU CPI release, last

dealing at NZ$1.0890.

- Failure to trouble the key NZ$1.1006 resistance continues to result in dips

back to NZ$1.0853-57 where 55 & 200-DMAs are situated. Bears now need a close

below the July 06 low (NZ$1.0853) to confirm traction below the 55 & 200-DMAs.

Initial resistance remains at the July 19 high (NZ$1.0945).

- There are plenty of tier 1 risk events across the Antipodean nations in the

next two weeks including NZ labour market data & AU retail sales, as well as the

RBA & RBNZ MonPol decisions.