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Heading into the NZDUSD CPI release NZDUSD.....>

KIWI
KIWI: Heading into the NZDUSD CPI release NZDUSD is back off of early lows which
were hit as RBNZ Gov. Orr noted that the RBNZ "expects very benign inflation
going forwards." Orr went on to say that "what really matters is the confidence
and expectation and belief that we are aiming for that midpoint of 2% all the
time."
- NZDUSD last at 0.7325, initial support at the 55-DMA (0.7285), resistance at
the April 17 high (0.7372).
- AUDNZD last at ~1.0630, initial support at the April 17 high (1.0601),
resistance at the high from Mar 29 (1.0669).
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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