Free Trial

AUD/NZD has added 5 pips thus far and...>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD has added 5 pips thus far and deals at NZ$1.0493 at
writing, ahead of RBA Gov Lowe's address, due within the hour. NZ markets are
closed today, as the country observes a national holiday. 
- The rate has peaked at NZ$1.0499 today, failing to breach the psychological
level just above. A clean break above would open up the 50-DMA at NZ$1.0532.
Meanwhile, bears keep an eye on the Jan 25/28 low of NZ$1.0475/74 before
challenging NZ$1.0457, where the rate bottomed yesterday.

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.