The NZD has operated within a tight range in...>

KIWI: The NZD has operated within a tight range in Asia-Pacific dealing.

- NZDUSD last trades at 0.7235, after a bullish key day reversal emerged after

the bounce from ahead of the 200-DMA at 0.7176. Bulls look for a close above the

21-DMA at 0.7291 to gain breathing room and above $0.7385 to target

$0.7438-0.7558 where 2018 & 2017 highs are situated. Bears still need a close

below the 200-DMA to hint at a move back to $0.6952 and then $0.6779 2017 lows.

The Bollinger base is noted at $0.7170 and is the key concern for bears.

- AUDNZD last trades at 1.0760 following the topside failure last week ahead of

the 55-WMA and key DMAs, which resulted in an aggressive sell-off and immediate

focus back on 2018 lows. Bears look for a close below NZ$1.0650 to add weight to

the case for a test of NZ$1.0458-91 where the LT rising TL off 2015 lows is

noted. Bulls now need a close above the 21-DMA to gain breathing room and above

the 55-DMA to hint at a move targeting NZ$1.1072-1.1139.