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JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

KIWI

NZD/USD meandered on Monday, as participants pondered a mix of conflicting signals. Firmer oil prices helped commodity FX space, but concerns over flaring Sino-U.S. tensions and global coronavirus situation continued to linger. The rate edged lower ahead of the close, finishing slightly shy of neutral levels.

  • NZ party leaders are on the election trail. PM Ardern appears in Whanganui, while National leader Collins speaks in Waikato, commenting on their respective policy proposals. As a reminder, although Sep 19 is the Election Day, early voting is widely available from Sep 5.
  • NZD/USD unchanged at $0.6592 at typing. Bears look for a dip through Aug 3 low of $0.6575, before targeting the 50-DMA at $0.6543. Bulls look for a jump above Aug 7 high of $0.6691, which would open up Jul 31 high of $0.6716.
  • New Zealand's card spending data comes out shortly, FPI hits on Thursday and BusinessNZ M'fing PMI will be published Friday. The RBNZ delivers its latest MonPol decision tomorrow.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com