Trial now
AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Upbeat Q2 GDP data released out of New Zealand gave a boost to NZD/USD Thursday but the rate swung into a loss later in the day. The greenback caught a bid after U.S. retail sales beat expectations, applying pressure to the pair.

  • The rate last sits at $0.7073, little changed on the day. Bears look for a fall through channel floor at $0.7057, which would bring the 50-DMA at $0.7010 into play. Bulls need a clearance of channel top at $0.7143 before targeting Sep 3 high of $0.7170.
  • BusinessNZ M'fing PMI will hit the wires at the bottom of the hour, after headline index rose to its third-highest level on record.
  • Next week, focus turns to Westpac Consumer Confidence and credit card spending (Tuesday) as well as trade balance (Friday). In addition, the RBNZ will publish a speech from Asst Gov Hawkesby on Tuesday.