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Review 20Y Bond Auction Re-Open, On the Screws

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KIWI: NZD struggled alongside risk and more guarded rhetoric from the RBA Gov.
Lowe spilling from across the Tasman in early London hours Tuesday, while the
latest GDT auction delivered a surprise fall in prices, extending the recent run
of lower prices.
- NZD/USD last trades at $0.6789, sticking to a tight range, with support noted
at the Nov 14 low of $0.6756. Meanwhile, resistance is noted at the November 7
high of $0.6814, followed Friday's high of $0.6884 & the 200-DMA at $0.6887.
- NZ docket is limited this week so eyes on AUD/NZD & broader risk sentiment.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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