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AUD/NZD last NZ$1.0570, dealing 6.......>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD last NZ$1.0570, dealing 6 pips higher on the day. This
comes after the pair added ~100 pips on Friday, as risk appetite recovered
somewhat, allowing the pair to move further away from its flash crash low.
- Friday's move saw a close above the 21-DMA (NZ$1.0505 today), as well as a
string of late December/early January highs. This allows bulls to focus on the
Dec 14 high at NZ$1.0588, with any subsequent breach above that level and
NZ$1.0600 opening up the 50-DMA. Bears look for a quick retracement back below
the 21-DMA.
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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