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AUSSIE-KIWI: AUD/NZD operates 14 pips shy of neutral levels, last at NZ$1.0637.
Broader focus remains on familiar matters on the coronavirus front in the U.S. &
China. Elsewhere, there is an ongoing worry re: rising Sino-Australian tensions,
with the Global Times reporting that Beijing could target Australian iron ore
exports, should the bilateral spat escalate further. Also worth noting that the
Australian gov't is planning to spend A$1.5bn in new infrastructure funding to
help revive domestic economy.
- Losses past the round figure of NZ$1.0600 would expose the 200-DMA/38.2%
retracement of the Mar 18 - Jun 2 rally at NZ$1.0544/43. On the flip side, a
return above the 50-DMA at NZ$1.0652 would bring Jun 10 peak at NZ$1.0729 into
- Just worth mentioning that a slew of China's monthly economic activity
indicators will provide some interest today.