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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.
NZD
NZD/USD has extended gains in recent trading. We got close to 0.6460, before post BoJ yen weakness curbed gains. We last sat at 0.6445, still +0.30% up today.
- There haven't been any headline drivers however trans-tasman flow may be helping at the margins as AUD/NZD has broken back down through 200-day and 50-day EMAs this week supporting the NZD, see the chart below. The pair is also threatening to break back below uptrend channel support.
- Yesterday's NZD/USD close above $0.64, which emerged as a key level recently, may be aiding technical flows.
- Q4 CPI is coming into focus as well, the print is next Wednesday and looms as a key input into February's RBNZ meeting.
Fig 1: AUD/NZD Below Key EMA's
Source: Market News International (MNI)/Bloomberg
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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