• AUD/NZD is trading around 1.0728 marks highest since May 31, 2016.
   
• Pair made intraday high at 1.0771 and low at 1.0664 marks.
   
• Intraday bias remains bullish for the moment.
   
• On the top side, a sustained close above 1.0748 will drag the parity higher towards 1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively.
   
• Alternatively, a sustained break below 1.06 mark will take the parity down towards key supports around 1.0560, 1.0420, 1.0315(May 05, 2015 low), 1.0261 and 1.0109 marks respectively.
   
• Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only.
   
• According to the RBNZ, It is proposing to raise the Loan-to-Value ratio (LVR) limit to 60% for property investors. After the news, Kiwi falls sharply against the major peers.
   
• RBA will release monetary policy meeting minutes at 0130 GMT. This will provide further directions to the parity.