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NZDUSD is unchanged at 0.6925, operating in....>

KIWI
KIWI: NZDUSD is unchanged at 0.6925, operating in a narrow range thus far.
- The pair has struggled to recover from YtD lows made last week, with the
21-DMA (0.6960) currently capping. Support is noted at the May 23 low (0.6882).
Momentum studies are neutral at present.
- Next week's NZ calendar is relatively sparse, with the ANZ business and
consumer confidence surveys set to headline on the economic release front, while
the RBNZ will release its FSR.
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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