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Widening of the spreads

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KIWI
KIWI: NZD/USD struggled on Monday as FX risk proxies took a hit on the back of
the pressure on the U.S. tech space/broader U.S. equity mkts, as well as the
latest round of trade war salvos from over the weekend.
- NZD/USD last trades at $0.6843. Support comes in at the November 7 high of
$0.6814. Meanwhile, resistance is noted at Friday's high of $0.6884, followed by
the 200-DMA at $0.6887.
- NZ docket is limited this week so eyes on AUD/NZD & broader risk sentiment.
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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