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USDCAD TECHS

Bearish Focus

AUDUSD TECHS

Corrective Pullback

EURJPY TECHS

Needle Still Points North

USDJPY TECHS

Consolidating At Trendline Support

EURGBP TECHS

Support Remains Under Pressure

GBPUSD TECHS

Key Resistance Exposed

KIWI
KIWI: NZD/USD has stuck to a narrow range in early dealing, last trading at
$0.6625, 5 pips or so higher on the day.
- The rate has exhibited little reaction to the weekend's Chinese PMI data and
the latest round of Fonterra milk collection data.
- The rate had a brief look below $0.6600, but options related support was noted
ahead of a chunky expiry at the 10 AM NY cut. Friday's low ($0.6599) provides
initial support, followed by the 19 September low ($0.6573). Initial resistance
is noted at Friday's high ($0.6640).
- The NZ docket thins out this week, with QV house price data providing the most
notable point of interest.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com