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AUD/NZD is happy to hold a tight........>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD is happy to hold a tight range ahead of the monetary policy
decision from the RBA, a key point of note on the regional economic docket
today. It last trades at NZ$1.0621, just shy of neutral levels. Bears look for a
drop below the 23.6% retracement of the Mar 18 - Apr 28 rally/May 4 low at
NZ$1.0574/72. A break of that level would open up Apr 21 low of NZ$1.0484. On
the topside, a move through Apr 28 high of NZ$1.0752 would return bulls into the
driving seat.
- Little to move the needle so far, with the Antipodeans unfazed by domestic
data releases. Headline flow is thin amid market holidays in China, Japan and
South Korea.
- Just worth recapping that PM Ardern takes part in Australian cabinet meeting
today to discuss the creation of a trans-Tasman "travel bubble".

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