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A limited overnight session for NZD/USD,.......>

KIWI
KIWI: A limited overnight session for NZD/USD, trading near the upper bound of
its overnight range at $0.6837 last.
- This comes after the rate drew strength from AUD/NZD's failure to hold above
NZ$1.0700 on Thursday, which allowed bulls to capitalise, with a breach of the
38.2% fibo of the 2018 range & Nov 7 high at $0.6812/14. Bulls now target the
July high of $0.6859, ahead of the 200-DMA at $0.6891. Initial support located
at Monday's high/Wednesday's low of $0.6757/56.
- NZ docket is limited next week with PPI & services PMI due.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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