Free Trial

NZD/USD was pressed to session lows after......>

KIWI
KIWI: NZD/USD was pressed to session lows after the latest ANZ business
confidence survey registered a fresh 9 year low (a clear deterioration in
sentiment has been in play since the new government came to power), dealing as
low as $0.6813, with buying interest in the AUD/NZD cross adding extra pressure.
This was before a recovery to $0.6825, as the pair stuck to a tight range.
- 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.
- Wednesday's NZ labour market report provides the pre-dominant NZD risk event
ahead of next week's RBNZ MonPol decision.
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.