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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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Free AccessAUD/NZD has added 11 pips and last......>
AUSSIE-KIWI: AUD/NZD has added 11 pips and last deals at NZ$1.0599, with the
kiwi weighed on by soft domestic BusinessNZ m'fing PMI and card spending prints.
Elsewhere, BBG trader sources said that "weak longs in AUD/USD are being flushed
out by spot desks ahead of the RBA's Financial Stability Report," with cross
flows affecting AUD/NZD.
- The rate ebbed 11 pips lower yesterday, with both sides of the pair struggling
vs. their G10 peers, alongside the broader commodity complex.
- Following last week's confirmation of the falling wedge pattern, AUD/NZD is
seen testing the NZ$1.0600 mark again. A clean break above the figure would open
up the upper 1.0% 10-DMA envelope at NZ$1.0647, followed by the Jan 21 YTD high
of NZ$1.0670. Conversely, bears look for a retreat towards NZ$1.0533, which
represents Monday's weekly low.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.