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AUDNZD has topped the May 03 high.......>

AUSSIE-KIWI
AUSSIE-KIWI: AUDNZD has topped the May 03 high (1.0731) to deal at ~1.0735, with
bulls now looking to the March 22 high (1.0762) after the RBA SoMP provided a
modest upgrade to the 2018 underlying CPI estimate, although the remainder of
the release was "on message." Bulls need a close above the high from May 01
(0.7546) to gain breathing room & to target April 25's hourly resistance
(0.7590). The move has pushed NZDUSD into negative territory.
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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