Free Trial

AUD/NZD cratered to lows of NZ$1.0106...>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD cratered to lows of NZ$1.0106 over the flash crash
(registering the lowest level seen since 2015 in the process), from ~NZ$1.0480
before hand, before recovering, as AUD regained a degree of composure.
- Rate last trading 30 pips or so lower on the day at NZ$1.0467, after trading
above NZ$1.0450 for the bulk of the Asia-Pacific session.
- Bears look for consolidation beneath the December 2018 low of NZ$1.0434, this
would allow them to target the June 2017 low at NZ$1.0362. Bulls continue to
look for a close above the 21-DMA at NZ$1.0498, followed by a series of recent
intraday highs layered between NZ$1.0527 & NZ$1.0555.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

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.