The pair had a stronger day for the most part on the back of moderate corporate demand and short cover post-BoJ. The early part of the session saw AUD/USD drifting lower after a lower than expected Q4 CPI in New Zealand, but eventually the AUD/NZD cross began to see buyers from below $1.0700 to touch $1.0729, it’s highest level since Dec 10th, 2014, and sits close to it’s top as of writing. Against the greenback, the aussie had an $0.8155 to $0.8224 range, and sits at $0.8217, up 45bps. Sellers seen just above here at $0.8230-40 then $0.8250-55 ($0.8256 is the 16 Jan high), then $0.8285 to $0.8300. Solid buyers at $0.8140-60 then $0.8100. $0.8155/51 is the 61.8% of the $0.8068-0.8295 move and 21-day ma.
