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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Daily Summary: Monday, November 25
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
support.
- 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.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.