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NZDUSD last trades at 0.7245, with support.....>

KIWI
KIWI: NZDUSD last trades at 0.7245, with support seen at 0.7243, the Mar 8 low.
The AUD is also moving lower which a fresh bout of JPY demand apparent over the
last few minutes.
- NZDUSD is again looking heavy following the lack of topside follow through so
far this week with focus back on the 0.7174-0.7243 region where the 200-DMA is
located. Bears now need a close below 0.7174 to hint at a move back to 0.6779
Dec lows with below the 100-DMA (0.7113) confirming. Bulls now need a close
above 0.7303 to gain breathing room and above 0.7354 to confirm initial focus on
2018 highs.
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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