AUD/NZD last trades at NZ$1.0529, 24....>

AUSSIE-KIWI: AUD/NZD last trades at NZ$1.0529, 24 pips lower on the day, AUD has

been relatively weak, while NZD has climbed to the top of the G10 pile in early

Asia-Pac dealing, extending gains registered on the back of a stronger than exp.

NZ CPI print. As a reminder, NZ Q4 CPI came in at 1.9% against the 1.8%

forecast, but undershot the 2.0% predicted in the RBNZ's most recent MPS. 

- The firm CPI figure allowed NZD to close below the 55- & 50-DMAs, with breach

of the 21-DMA in early Asia-Pacific trade. Bears eye the Jan 1 low of NZ$1.0485

and a fall through that level would open up the 1.0% 10-DMA envelope at

NZ$1.0477. Meanwhile, initial bullish focus falls on NZ$1.0553, which represents

the 21-DMA, and a break above would allow bulls to target the 50-DMA at

NZ$1.0563.