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AUD/NZD is range-bound, last trades.....>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD is range-bound, last trades +9 pips at NZ$1.0444. Bulls
look for a rally through NZ$1.0486, which kept a lid on gains yesterday. A break
above there would expose the Feb 11 high/100-DMA at NZ$1.0506/08. Conversely,
bulls need the 50-DMA at NZ$1.0406 to give way before targeting yesterday's
trough at NZ$1.0375.
- The rate has looked past today's round of Antipodean economic data. Australian
Q4 BoP current a/c balance & net exports of GDP both missed expectations. Jan
building approvals out of Oz were also underwhelming. 
- Across the Tasman, NZ Tsy released its monthly economic indicators, which
warned against a risk of "substantial negative impact [of the coronavirus
epidemic] that persists for several quarters."
- The RBA's monetary policy decision takes centre stage today. We have prepared
a comprehensive preview, which can be accessed at http://tiny.cc/RBAMar2020. The
IB strip is fully discounting a 25bp cut at today's decision.

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