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AUD/NZD has stuck to a 12 pip range.....>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD has stuck to a 12 pip range thus far and last deals at
NZ$1.0585. Muted reaction to the release of Aussie trade balance, which
indicated a slightly narrower surplus than expected. 
- The rate closed 18 pips higher yesterday, sticking to a tight range 
- Bulls look to the nearby Dec 14 high at NZ$1.0589 and a break above would open
up the Dec 5 high/50-DMA at NZ$1.0597/NZ$1.0601, followed by the 55-DMA at
NZ$1.0622. Conversely, bears target the 21-DMA at NZ$1.0511 and a fall below
that level would add some downside impetus

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