Trial now
AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

KIWI
KIWI: NZDUSD has extended through Thursday's lows in early Asia-Pacific dealing
and last trades at 0.7250.
- The NZ economic docket is relatively thin over the next week or so, with the
most notable event being the monthly trade data.
- NZDUSD's daily studies are correcting from modestly overbought levels, with
hesitation noted ahead of last week's high, which has resulted in a correction
back to the bull channel base (at 0.7253 today). Bears look for a close below
the April 06 low (0.7241) to open up a move lower towards the 100-DMA (0.7215) &
200-DMA (0.7183). Resistance layers building above see bulls now needing a close
above yesterday's hourly resistance (0.7304) to gain breathing room.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com