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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 last trades flattish at.........>
AUSSIE-KIWI: AUD/NZD last trades flattish at NZ$1.0627, its 200-DMA, after
adding 40 pips yesterday. Worth noting AUD crosses have ticked higher after
Australian Fair Work Commission lifted wages by 3.0%.
- Bears look for a dip through NZ$1.0600, after the rate peaked just shy of the
figure on May 22 & 23. Below here would open NZ$1.0584/77, which represents the
21-DMA/downtrend resistance-turned-support. The initial bullish target is
provided by NZ$1.0643/44, where the rate peaked on Apr 25/May 7, ahead of the
Apr 24 peak at NZ$1.0676.
- The immediate focus turns to Australian capex & building approvals data, due
shortly.
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.