Free Trial

NZD/USD dropped 17 pips overnight and last.....>

KIWI
KIWI: NZD/USD dropped 17 pips overnight and last deals at $0.6738, as the
Antipodeans sit towards the lower end of the G10 currency table. 
- Bears eye $0.6729, where the rate bottomed yesterday, and a break below would
open up the psychological $0.6700 level, followed by the 100-DMA at $0.6680.
Conversely, bullish focus falls on the 55-DMA/21-DMA at $0.6757/58 and a breach
of those levels would bring the 50-DMA at $0.6780 into view. 
- NZ building permits are due Friday; elsewhere, the NZ docket is rather dry,
but U.S.-China trade talks will attract attention.

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.