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Free AccessAUD/NZD has operated in a narrow 35.....>
AUSSIE-KIWI: AUD/NZD has operated in a narrow 35 pip range overnight, softening
over the last hour or so as the NZD/USD firmed above $0.6800. This comes after
the rate briefly broke below NZ$1.0600 on the back of RBA Gov. Lowe's comments
Tuesday.
- Rate last NZ$1.0616. Bears look to NZ$1.0600, followed by yesterday's low at
NZ$1.0590, ahead of the Apr 18 low at NZ$1.0576. Bulls have failed to
consolidate > NZ$1.0700 in recent sessions & need to reclaim the figure to open
up a series of recent intraday highs between NZ$1.0747 & NZ$1.7667, with the
21-DMA at NZ$1.0748 layered in-between.
To read the full story
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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.