Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NZD
- AUD/NZD has continued to trend higher, breaking the 1.0800 level earlier making highs of 1.0807, we now trade slightly off those levels back at 1.0802.
- The AU-NZ 2yr swap continues to move higher even with a dovish RBA yesterday, the talk from NZ Gov officials around slow economic growth isn't helping the NZD. While the AU-NZ Commodity price ratio continues to make lows, see below Chart
Source - BBG
- Key technical levels to watch: a break above initial resistance of 1.0800 would open up a retest of 1.0833 (YTD/Jan 23 high). While to the downside, initial support is 1.0773 (200-day EMA) a break below 1.0738 (100-day EMA) could signal further weakness, opening up 1.0700 (Mar 11 lows)
- Looking ahead: There is no further data for NZ or AU today, focus will turn to NZ GDP and AU Employment Tomorrow
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok