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AUD/NZD traded ~65 pips lower on the....>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD traded ~65 pips lower on the day at NZ$1.0820 in the wake
of the strong NZ CPI release, with the rate last dealing at ~NZ$1.0840, as bears
target a clean break below the 200-DMA (NZ$1.0833). Bulls will look to reclaim
NZ$1.0900 and the 100-DMA (NZ$1.0905), with a focus on transitory factors
supporting the NZ CPI release.
- It is worth noting that the headline CPI readings topped all analyst estimates
in the BBG survey.
- Focus now moves to the RBNZ's sectoral inflation model, due later today.
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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