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Geopolitical worry is limiting NZD upside at...>

KIWI: Geopolitical worry is limiting NZD upside at present, with the NZDUSD last
at 0.7365, while AUDNZD trades at 1.0535. Earlier comments from RBNZ's McDermott
offered little new information/insight into MonPol, with participants now
focussing on next week's Q4 CPI release.
- NZDUSD's recovery from 0.7241 has resulted in focus returning to YtD highs
(0.7438), although the the Bollinger top ($0.7364) is the of concern for bulls.
To the downside, bears look to the high from April 06 (0.7324) which now acts as
- Recent 2018 & 9-Month lows for AUDNZD reconfirm immediate bearish focus on the
long term rising daily trend line off 2015 lows (1.0468 today) with a close
below targeting the June 2017 lows (1.0394). The Bollinger base (1.0487) is a
concern for bears, although bulls need a close above the 21-DMA (1.0610) to ease
the immediate bearish pressure.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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