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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 skyrocketed after the.......>
AUSSIE-KIWI: AUD/NZD has skyrocketed after the RBNZ slashed its OCR by 50bps,
putting it on par with the RBA's cash rate at 1.0%. The decision caught
participants off guard as a 25bps was widely exp. & fully priced in.
- AUD/NZD sits at NZ$1.0459, 100 pips higher on the day. Bulls look to the
trendline resistance/50-DMA at NZ$1.0480/82 after the pair failed to make
headway beyond these levels and pulled back a tad. A clean break here would
bring into play the NZ$1.0500 figure, as well as the 100-DMA/200-DMA at
NZ$1.0519/23. A retreat below the 38.2% retracement of the YtD range at
NZ$1.0443 would please bears & expose the psychological barrier provided by
NZ$1.0400.
- Worth noting that the 100-DMA is approaching the 200-DMA to the upside,
further gains may inspire a golden cross formation.
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.