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NZD/USD virtually ignored the latest NZ........>

KIWI
KIWI: NZD/USD virtually ignored the latest NZ trade data, after it provided a
surprise deficit of NZ$113mn (median $NZ200mn), with some modest minor revisions
observed. The pair is little changed at ~$0.6795 last.
- The $0.6858-0.6921 resistance region where the 55-DMA ($0.6883) is located
remains key. Bears now need a close below yesterday's low ($0.6769) to ease
pressure on resistance layers.
- Participants look to Friday's ANZ consumer confidence release as the next
domestic point of interest.
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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