Free Trial

NZD/USD has legged to session highs of.........>

KIWI
KIWI: NZD/USD has legged to session highs of $0.6548 in recent trade, even with
broader risks assets feeling some pressure as Chinese shares trade lower once
again.
- NZD/USD last deals at $0.6545. The rate has crossed above the 21-DMA
($0.6527), with bulls now looking to the Oct 23 high ($0.6569), ahead of the
50-DMA at ($0.6582). 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 Wednesday,
with the subject providing interest to the RBNZ ahead of its November 08 MonPol
decision.
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.