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Fresh Pressure

AUSSIE-KIWI

The lack of fresh dovish insight and no sign of resistance against the recent round of NZD strength has pressured AUD/NZD through the initial round of support levels we flagged earlier, as NZD bears feel the pain. We also mentioned trend support, which is located at NZ$1.0824 today, bears now target that level, with the cross last hovering around NZ$1.0840 at typing.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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