Free Trial

NZD/USD last $0.6848, 9 pips higher on the.....>

KIWI
KIWI: NZD/USD last $0.6848, 9 pips higher on the day, after adding 76 pips
Friday, as USD fared badly after the release of a WSJ report focusing on the Fed
Balance sheet wind down. 
- Bulls eye Friday's YTD high of $0.6851 and a break above would open up the Dec
18 high of $0.6870. Meanwhile, bears look for a move through the 50-DMA at
$0.6794, which would bring the 200-/21-DMA at $0.6766/64 into view. 
- NZ focus this week falls on NZ trade balance data due Tuesday, while
vice-ministerial Sino-U.S. trade talks will also draw attention.

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.