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AUD/NZD last sits almost unchanged at...>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD last sits almost unchanged at the psychological NZ$1.0500
level, which several times acted as a technical support/resistance in the recent
weeks, with little there in the way of major headlines or data releases to drive
price action.
- This comes after the rate rose 23 pips yesterday, closing above the NZ$1.0500
figure, with the Aussie remaining untouched by soft domestic retail sales and
job vacancies data.
- Bulls look for a firm move through the NZ$1.0500 mark before challenging the
nearby 100-DMA & 21-DMA, both situated at NZ$1.0508. Bears would be satisfied
should yesterday's low of NZ$1.0474 give way.

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