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AUD/NZD trades 20 pips or so higher.....>

AUSSIE-KIWI: AUD/NZD trades 20 pips or so higher around NZ$1.0900. Overbought
daily studies and the Bollinger top (NZ$1.0967) impacted with a lack of follow
through on Tuesday's 5-month highs and the pair remaining a little offered. The
NZ$1.0830 support is key. Bears look for a close below NZ$1.0830 to confirm a
break below the 200-DMA (NZ$1.0862), easing bullish pressure and returning focus
to NZ$1.0775-1.0810 where 21 & 55-DMAs are located. Bulls now need a close above
NZ$1.1006 to reconfirm a bullish bias targeting 2018 highs.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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