Trial now
WTI TECHS

(Z1) Bulls Pause For Breath

GOLD TECHS

Remains Below Recent Highs

BRENT TECHS

(Z1) Needle Still Points North

UK DATA

Little reaction to retail sales, as expected

KIWI
KIWI: NZD remains under pressure through AUDNZD cross flows. Both of the
Antipodean currencies were trading softer heading into Australian CPI, but the
ensuing bounce in the AUD (on the back of the slightly stronger than expected
core measures of inflation) has seen the AUDNZD print session highs of ~1.0680,
while NZDUSD last trades 20 pips or so softer at ~0.7125, but back from post
release lows of 0.7115.
- From a technical perspective NZDUSD's closes below the 200-DMA, 55 & 200-WMAs
are noted and the cross now trades below the 100-WMA (0.7145), with bears
needing a close below the high from January 02 (0.7130) to confirm traction.
Bulls now look for a close above Friday's low (0.7198) to gain breathing room.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com