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AUD sits atop the G10 FX pile as we.....>

AUSSIE-KIWI
AUSSIE-KIWI: AUD sits atop the G10 FX pile as we approach London hours, after
the AUD outperformed on the positive rhetoric out of China re: U.S. trade
matters over the weekend.
- AUD/NZD last deals at NZ$1.0486, ~30 pips higher on the day, after a brief
show above NZ$1.0500 in early Asia trade.
- Technicals may come to the fore, with the Antipodean docket empty until the
new year. Initial support is noted at Friday's low of NZD$1.0446, followed by
the recent cycle low at NZ$1.0434. Bulls need consolidation above NZ$1.0500,
before focusing on the 21-DMA at NZ$1.0550.
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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