Free Trial

NZD/USD last deals at session lows ~$0.6815,...>

KIWI
KIWI: NZD/USD last deals at session lows ~$0.6815, with the softest ANZ business
confidence reading since May 2009 weighing on the kiwi (a clear deterioration in
sentiment has been in play since the new government came to power).
- Support is located at the July 24 low ($0.6769), while the $0.6858-0.6921
resistance region remains key, with bulls now needing a close above the July 09
high ($0.6858) to gain breathing room.
- Participants also view AUD/NZD's 09 July low NZ$1.0835 as key support in the
antipodean cross.
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.