Free Trial

NZD/USD deals at $0.6560 last, after...........>

KIWI
KIWI: NZD/USD deals at $0.6560 last, after reaching a high of $0.6573 on
Tuesday, as commodity linked FX operated on the front foot.
- Bulls look for a close above the Oct 23 high ($0.6569), and the 50-DMA at
($0.6577). Bears target a move back below $0.6500, which would then allow them
to focus on Friday's low ($0.6465).
- NZ focus this week will fall on the ANZ biz. confidence survey, due shortly,
with the subject providing interest to the RBNZ ahead of its November 08 MonPol
decision. The investment intentions component of the survey will be key.
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.