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Despite the recent death cross formation,......>

KIWI
KIWI: Despite the recent death cross formation, NZDUSD based ahead of $0.6500
last week with the recovery extending back through $0.6560. NZD remains top of
G10 at the NY crossover with near-term focus on the May 16 high & 23.6% fibo of
the Mar-May fall at $0.6583/90.
- AUDNZD rests on channel base support with bears looking for a close under
NZ$1.0588 to extend the downtrend.  

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