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Yesterday's close above the 200-dma.....>

AUSSIE-KIWI
AUSSIE-KIWI: Yesterday's close above the 200-dma amid improving risk appetite
saw AUDNZD squeeze through NZ$1.0900 overnight. The firmer tone spilled over
into Europe with gains extending to NZ$1.0920. The May 25 high provides next key
resistance at NZ$1.0962, opening a move toward NZ$1.0984 which holds the longer
term 61.8% retracement of NZ$1.1291-1.0488. 

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