Free Trial

AUDNZD consolidates overnight gains.....>

AUSSIE-KIWI
AUSSIE-KIWI: AUDNZD consolidates overnight gains following the release of strong
AU jobs data and Fonterra's first annual loss in its history. Rate last at
NZ$1.0960 targeting a break of NZ$1.0972/73 (Downtrend resistance off Aug10
high, Asia high). Above here opens a move toward the NZ$1.10 level ahead of the
Sep5 high at NZ$1.1021. Bears look for a break back under NZ$1.0900 to regain
control and challenge the 100 & 200-dma's at NZ$1.0881/38.

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.