Free Trial

NZD/USD bulls quickly regained the 200-DMA.....>

KIWI
KIWI: NZD/USD bulls quickly regained the 200-DMA at $0.6855 after a look below
in early trading, as USD weakness reversed the early risk off flows that weighed
on the rate, which now deals at $0.6885, 20pips higher on the session.
- Bulls now look to Thursday's high of $0.6901, with a break opening up
Wednesday's high of $0.6944. The aforementioned 200-DMA now acts as initial
support, ahead of the intraday low at $0.6841.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

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.