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NZD/USD hit a low of $0.6575 over the flash....>

KIWI
KIWI: NZD/USD hit a low of $0.6575 over the flash crash volatility but drew
support from the pressure observed on AUD/NZD. Rate had already fallen earlier
in the day and last trades 25 pips or so lower at $0.6632, after it managed to
close below the 100-DMA ($0.6676). Bears eye the flash crash low at $0.6575,
ahead of the November 2018 low at $0.6515. While bulls initially need to reclaim
the aforementioned 100-DMA.
- Broader risk appetite is set to drive the rate today. As an aside, Wednesday
saw the headline GDT price index rise by 2.8% at the latest auction, lodging a
third straight gain, while WMP prices rose by 1.2%.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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