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NZD: AUD/NZD Unchanged, Testing Key Moving Averages

NZD
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  • The AUD/NZD was little changed on Thursday closing down 0.03% at 1.0873.
  • The cross is trading just below both the 20 & 200-day EMA of 1.0881 a break back above here would open a retest of 1.0900 while the 50 & 100-day EMA at 1.0915/20 become the next resistance zone. To the downside support rests at the September lows of 1.0800.
  • RBA dated OIS is little changed, with 17bps of cuts still priced through to year-end. The market is still expecting a full rate cut at the Feb meeting, with 35bps priced in.
  • The AU-NZ 2yr swap spread rose 1bps on Thursday to close at 1.5bps.
  • Expiries: 1.1350 ($725.88m), 1.1250 ($365.67m), 1.1200 ($500m) for Sept 16  
  • The calendar is empty today
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  • The AUD/NZD was little changed on Thursday closing down 0.03% at 1.0873.
  • The cross is trading just below both the 20 & 200-day EMA of 1.0881 a break back above here would open a retest of 1.0900 while the 50 & 100-day EMA at 1.0915/20 become the next resistance zone. To the downside support rests at the September lows of 1.0800.
  • RBA dated OIS is little changed, with 17bps of cuts still priced through to year-end. The market is still expecting a full rate cut at the Feb meeting, with 35bps priced in.
  • The AU-NZ 2yr swap spread rose 1bps on Thursday to close at 1.5bps.
  • Expiries: 1.1350 ($725.88m), 1.1250 ($365.67m), 1.1200 ($500m) for Sept 16  
  • The calendar is empty today