Free Trial

NZD/USD has added 12 pips thus far & last......>

KIWI
KIWI: NZD/USD has added 12 pips thus far & last deals at $0.6800, extending
yesterday's gains. On Wednesday, NZD finished as the runner up among the G10
currencies, as it drew support from a strong CPI print in the NY/Asia crossover.
- Initial resistance noted at the Jan 9 high of $0.6809 and a break above would
bring into view the upper boundary of the 1.0% 10-DMA envelope at $0.6850; On
the downside, spotlight falls on the 100-DMA/50-DMA at $0.6796/95, followed by
yesterday's low of $0.6743. 
- NZ docket for the remainder of the week is dry.

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.