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AUDNZD now up 0.61%

AUD
  • AUDNZD continues to extend gains, trading at its highest level since late October.
  • Next immediate resistance is at 1.1101, the 61.8% retrace of the October/December fall.
  • A clear break through the latter, would open to 1.1175.
  • Turnovers and Volumes across assets are low at the start of the week, and FX desks, will look towards RNBZ rate decision on Wednesday, when a 50bps hike to 4.75% will be expected.
  • The Kiwi will likely stay volatile until the decision.

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