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NZDUSD has struggled to regain 0.6900 after....>

KIWI
KIWI: NZDUSD has struggled to regain 0.6900 after a bout of risk aversion
weighed on the currency on Tuesday, with the pair last trading at ~0.6890.
- In its latest Financial Stability Review the RBNZ noted that MonPol is not
expected to tighten for some time and that further LVR easing is unlikely until
at least the next FSR release 
- Momentum studies are back at neutral levels and well placed for a fresh leg
lower. Bears currently focus on tests of the Nov & Dec 2017 lows (0.6779-0.6815)
while the May 09 high of 0.6996 caps.
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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