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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 push higher over the week, and now eyes the 1.0900 level, trading just below here at 1.0895 highs from November 19th.
- The cross is now up 3.11% after testing yearly lows on Feb 22, while the AU-NZ 2Y swap edges higher.
Source - BBG
- Key technical levels to watch: initial resistance is now 1.0900, a break here opens up 1.0925/35 (Sept 18/July 26 highs). While to the downside, initial support is 1.0775/80 (20 / 200-day EMA) a break below 1.0740/50 (100/50-day EMA) could signal further weakness, opening up 1.0700 (Mar 11 lows)
- Looking ahead: AU has Westpac Consumer Confidence at 10.30 AEST, While RBNZ Conway speaks at 2.30pm AEST
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.
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