Free Trial

Bulls Remain In Control

NZD

Light NZD outperformance allows NZD/USD to test Wednesday's high print of $0.7212, which is the best level seen since mid-2018. The rate is peeking above there as we type, last trades +10 pips at $0.7214.

  • Further gains would shift focus to 100-MMA at $0.7228, which capped gains in 2016 & 2017. A break above there would expose the upper 3.0% Bollinger band at $0.7251. Bears keep an eye on Dec 28 low of $0.7084.
  • CoreLogic House Prices hit the wires next week.

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.