AUD/NZD trades unchanged at NZ$1.0843...>

AUSSIE-KIWI: AUD/NZD trades unchanged at NZ$1.0843 last, after a look below its

200-DMA in early Asia-Pacific trade. The rate moved to unchanged levels on the

back of the latest RBA MonPol decision which saw the Bank leave its cash rate

unchanged, while it upgraded its GDP growth outlook and trimmed its longer run

unemployment outlook (highlighting the contrast between the two Antipodean

Reserve Banks, with the RBNZ set to reiterate that the next move in its OCR

could be up or down later this week), although it stressed that any uptick in

inflation (which it now expects to be a "bit" above 2.25% in 2020), will be

gradual.

- A concerted break lower, through NZ$1.0800, would open up the October 23 low

of NZ$1.0777. Conversely, bulls look for a leg through the November 01 high at

NZ$1.0878 to open up the 50-DMA at NZ$1.0892, followed by the 100-DMA at

NZ$1.0909.

- Participants will focus on the regional central banks this week, with the RBNZ

MonPol decision due within the next 48 hours & RBA SoMP due Friday, while NZ

labour market data & inflation expectations add to the regional event risk.