Free Trial

AUDNZD last trades around 20 pips.......>

AUSSIE-KIWI
AUSSIE-KIWI: AUDNZD last trades around 20 pips lower at ~1.0895, as the NZD has
outstripped the AUD in early dealing this week, with flows generally risk
positive thus far.
- The lack of follow through on Friday's 3-Month highs is less than ideal for
bulls when combined with momentum divergence and overbought studies. In saying
that, bears need a close below the 200-DMA (1.0886) to gain breathing room &
below the May 11 high (1.0843) to shift focus back to tests of the 100-DMA
(1.0757).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.