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AUD/NZD last trades flattish at.........>

AUSSIE-KIWI: AUD/NZD last trades flattish at NZ$1.0627, its 200-DMA, after
adding 40 pips yesterday. Worth noting AUD crosses have ticked higher after
Australian Fair Work Commission lifted wages by 3.0%.
- Bears look for a dip through NZ$1.0600, after the rate peaked just shy of the
figure on May 22 & 23. Below here would open NZ$1.0584/77, which represents the
21-DMA/downtrend resistance-turned-support. The initial bullish target is
provided by NZ$1.0643/44, where the rate peaked on Apr 25/May 7, ahead of the
Apr 24 peak at NZ$1.0676.
- The immediate focus turns to Australian capex & building approvals data, due

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