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AUD/NZD managed to close above its......>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD managed to close above its 200-DMA (NZ$1.0828) last week,
last dealing at NZ$1.0867.
- Key moving averages form nearby resistance levels with the 21-DMA (NZ$1.0885),
100-DMA (NZ$1.0904) & 55-DMA (NZ$1.0920) all lurking nearby. Above there, the
Oct 15 high (NZ$1.0944) should also provide resistance. Bears look for a close
back below the 200-DMA before targeting lower levels.
- A stacked AU docket consisting of CPI, building approvals, trade data and
retail sales is present this week, with NZ focus set to fall on the ANZ business
confidence survey.
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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