Free Trial

NZD retains a firm tone across the board.......>

KIWI: NZD retains a firm tone across the board with added support from higher
oil prices. NZDUSD is currently showing gains of 1.22% against the USD and is
looking to challenge the $0.7000 area for the first time since May8. A break
here could accelerate the move, opening $0.7053/59 (May4 high, 38.2%
$0.7395-0.6851). NZDJPY improves to Y76.28 with the Y76.25/30 area holding
double top resistance, a break opens Y76.80 (76.4% Y77.50-74.56).  

To read the full story



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.