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Free AccessNZD/USD has come under some pressure in........>
KIWI: NZD/USD has come under some pressure in early Friday trade, registering a
low of $0.6524, last dealing at $0.6535. Some pointed to a moderation in NZ net
inbound migration as the catalyst for the modest move lower.
- This comes after risk aversion pressured the cross Thursday, although the move
lower in U.S. yields limited losses for the rate.
- Familiar support and resistance levels remain in play. The 50-DMA ($0.6589)
provides the initial resistance level, closely followed by $0.6600 on any break
above, while initial support is noted at $0.6460.
- NZ trade data headlines the local docket over the next week or so.
To read the full story
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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.