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AUD/NZD sits at NZ$1.0481, barely.......>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD sits at NZ$1.0481, barely changed at typing, after
finishing virtually unchanged yesterday, with the pair gyrating within the
NZ$1.0460-1.0500 range as both sides grew in strength vs. other G10 currencies.
- Bulls look for a break above the upper end of yesterday's range. The violation
of the psychological NZ$1.0500 figure, which provided support/resistance several
times within the last month or so, would open the 100-DMA/21-DMA at
NZ$1.0507/09. Conversely, the initial bearish target is provided by yesterday's
low of NZ$1.0459, which comes ahead of the trendline support at NZ$1.0427.
- The immediate focus turns to Australian retail sales and job vacancies data,
due at 0230BST/1130AEST.

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