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Free AccessHolding below daily ichimoku cloud, for now....>
KIWI: Holding below daily ichimoku cloud, for now.
It has been a low key affair for the flightless bird, the pair holding a narrow
$0.6932 to $0.6952 range. REINZ House Sales and Food Price data released earlier
made no discernible impact, despite both sets of data showing an improvement
from the previous month. Interestingly, the rally has stalled near to the daily
cloud base at $0.6954. Should we push into the cloud, it may well prompt
covering from stale shorts. Kiwi was last at $0.6944.
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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.