NZDUSD trades unchanged, bang in the middle....>

KIWI: NZDUSD trades unchanged, bang in the middle of a 20 pip range at 0.7017,

while AUDNZD has come under pressure following softer than expected Australian

retail sales data, with AUDNZD last at 1.0688, lows of 1.0682.

- NZDUSD's correcting oversold studies appear to be impacting the cross with

bounces from ahead of the 2018 low (0.6983). Bulls now need a close above hourly

support levels from April 25 (0.7102) to initially target a correction higher.

Bears now look for a close below the YtD low to reconfirm immediate focus lower.

- AUDNZD bulls take comfort in support continuing to emerge on dips back towards

the 55-DMA (1.0663). Bears continue to look for a close below the 55-DMA to gain

breathing room. While the 55-DMA supports bulls hold the advantage with focus

currently on 1.0762-1.0894 where key DMAs, WMAs and the bear channel top are

situated.