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The last half an hour or so has seen....>

AUSSIE-KIWI
AUSSIE-KIWI: The last half an hour or so has seen AUD/NZD consolidate around the
present levels after an earlier slide, largely driven by broader kiwi strength.
The rate last trades at NZ$1.0485, 35 pips lower on the day.
- NZD has benefited from the release of solid trade data, which saw headline
trade balance top expectations, with both imports and exports growing more than
forecasted.
- The nearby 2.5-month low of NZ$1.0479 provides the initial bearish target.
Below here would open the NZ$1.0452-54 area, which registered highs on Mar 27,
Mar 29 and Apr 1. Conversely, bulls need to clear NZ$1.0500 before targeting the
100-DMA, which kicks in today at NZ$1.0508.

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