AUD/NZD shot higher and last sits at....>

AUSSIE-KIWI: AUD/NZD shot higher and last sits at NZ$1.0429, 20 pips higher.

- The move was driven by the RBNZ's response to an Official Information Act

request re: unconventional MonPol. The central bank said that they are looking

at a refresh of their unconventional policy strategy and the work is "at a very

early stage."

- Earlier comments from RBA Asst Gov Kent had little to no impact on AUD

crosses. Kent said that there is a low chance of QE in Australia and the RBA is

a "long way" from that. Re: FX markets, Kent suggested that AUD would be

stronger without the recent rate cuts from the RBA.

- The topside attention is drawn to the Jul 11 & 16 lows of NZ$1.0444. Above

opens the 21-DMA at NZ$1.0465. Bears look for a pullback through the

psychological NZ$1.0400 figure, where the rate bottomed on Feb 6 & Jul 18,

towards the descending trendline support at NZ$1.0392.