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AUD/NZD last deals at NZ$1.0945, this...>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD last deals at NZ$1.0945, this comes after overbought daily
studies and the Bollinger top (NZ$1.1009) impacted with a lack of follow through
on last week's 5-month highs. Bulls take comfort in bounces from around the
200-DMA (NZ$1.0862), but need a close above the January 30 low (NZ$1.1006) to
reconfirm a bullish bias. Initial support is noted at yesterday's low
(NZ$1.0893).
- The major regional point of interest over the next week or so comes in the
form of the NZ CPI release, due Tuesday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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