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AUD/NZD tested NZ$1.0460 but without....>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD tested NZ$1.0460 but without any success thus far; the rate
last seen at NZ$1.0470, 15 pips worse off.
- The RBNZ left its ORC unchanged today.
- The rate spiked higher initially as minutes from the latest RBNZ MonPol
decision revealed that MPC members discussed further policy easing, amid
elevated downside risks. However, lack of a firm commitment re: a rate cut at
the August meeting pulled the pair back into negative territory.
- A clean break of the cycle low of NZ$1.0462, touched yesterday, would return
focus to the NZ$1.0452-54 area, which registered highs on Mar 27, Mar 29 and Apr
1. Meanwhile, bulls look to recover the NZ$1.0500 figure before challenging the
100- and 21-DMAs at NZ$1.0508 and NZ$1.0547.

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