AUD/NZD last NZ$1.0592, a touch lower...>

AUSSIE-KIWI: AUD/NZD last NZ$1.0592, a touch lower on the day, with Aussie

retail sales due to hit within 45 minutes. This comes after the rate closed 33

pips higher yesterday, despite an initial slip to an intraday low of NZ$1.0546

as AUD initially underperformed on the back of a short statement from China re:

U.S. trade matters, which disappointed markets. AUD subsequently recovered as

CNH crosses broke lower.

- Initial support noted at the 50-DMA at NZ$1.0586, followed by the

aforementioned Jan 10 low. Conversely, bulls look for a clean break above the

psychological NZ$1.0600 level, which capped yesterday's gains, before turning

attention to the 55-DMA at NZ$1.0609.