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NZD/USD attempted to breach its 50-DMA.........>

KIWI
KIWI: NZD/USD attempted to breach its 50-DMA ($0.6598) on a couple of occasions
on Tuesday, but failed. That moving average now sits at $0.6595, as of Tuesday's
NY close, which has capped price action overnight, in a sedate session for the
major FX pairs.
- This ceiling allowed AUD/NZD to edge back above its 200-DMA (NZ$1.0832), after
trading below the level early on, last NZ$1.0840.
- NZD/USD last deals at $0.6585, ~10 pips higher on the day, with nearby
resistance at the aforementioned 50-DMA, followed by Tuesday's high ($0.6597).
- NZ trade data headlines the local docket over the next 10 days or so.
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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