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AUDNZD has edged above 1.0700 in........>

AUSSIE-KIWI
AUSSIE-KIWI: AUDNZD has edged above 1.0700 in early Asian dealing despite
stronger than exp. NZ retail sales data. 
- The bounce from 1.0650 will be welcomed by bulls, although layers of
resistance are following the pair lower with bulls now needing a close above
NZ$1.0780 to gain breathing room and target a correction back to
NZ$1.0850-1.0906 where 55 & 200-DMAs are situated.
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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