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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

KIWI
KIWI: NZD/USD shook off its initial weakness Monday and rallied into positive
territory, extending gains as the Fed announced that it will start buying
individual corporate bonds. The pair remained afloat, as broader commodity-tied
FX held onto gains.
- Westpac McDermott Miller Consumer Confidence Index fell to 97.2 from 104.2 in
Q2, with Westpac commenting that given the circumstances, "the decline in
confidence this quarter was surprisingly moderate".
- NZD/USD trades at $0.6489, 15 pips higher on the day, as the risk-on feel has
spilled over into Asia. A rally above Jun 11 high of $0.6544 would bring the key
Jun 10 high of $0.6584 into play. Meanwhile, bears need a pullback under
Monday's low of $0.6381 to expose the 200-DMA at $0.6322.
- New Zealand's BoP current a/c balance comes out Wednesday, while Q1 GDP data
is due Thursday.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com