Flash: Icreasing downside risks for AUD/NZD - Westpac

FXstreet.com (Barcelona) - The NZ data pulse saw the spread with the AUD data pulse at its biggest gap in two months, notes Westpac, "a differential that could be a useful indicator for AUD/NZD which continues to probe multi month lows" Westpac said.

"ST, 1.1200 remains very strong technical support for AUD/NZD. However, as we move into 2014, we see increasing downside risks for this cross. We will watch developments in the two pulses closely for signs of relative deterioration" Westpac adds.