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AUD/NZD trades flat at NZ$1.0853........>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD trades flat at NZ$1.0853 last, after touching a high of
NZ$1.0878 on the back of the wider than exp. AU trade surplus recorded earlier,
before the NZD played catch up on broader risk on flows.
- Bulls will view the close above the 200-DMA (NZ$1.0826) as positive, with
focus now on various key moving averages above, notably the 21- (NZ$1.0874),
100- (NZ$1.0906) & 55- (NZ$1.0909) DMAs.
- Aussie retail sales provides the highlight during the remainder of the week,
with the RBA & RBNZ MonPol decisions, as well as the NZ labour market report
dominating the regional docket next week.
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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