AUD/NZD last deals at NZ$1.0545,........>

AUSSIE-KIWI: AUD/NZD last deals at NZ$1.0545, barely changed on the day.

- Muted to no reaction was noted upon the latest NZ data releases. BusinessNZ

manufacturing PMI climbed to 53.0 from the revised 52.0, but PPI input/output

gauges moved into negative territory.

- The rate eased 11 pips yesterday, as AUD underperformed from the off. The

release of Australian labour market data provided the highlight of the day in

the Antipodeans. An uptick in the unemployment rate sent AUD/NZD to a reaction

low of NZ$1.0525 before the pair erased some of its initial losses, as

participants turned focus to the solid employment and participation figures

(also worth noting that underemployment rose).

- Recovery was capped around the neutral levels and AUD/NZD declined into the

European morning, touching a fresh intraday low, before it recovered somewhat

around the WMR fix.

- A downside breach of yesterday's low/May 6 low of NZ$1.0522/18 would bring the

100-DMA at NZ$1.0504 into play. Conversely, bulls need to clear yesterday's high

of NZ$1.0564 before targeting the 21-DMA, which kicks in at NZ$1.0597.