Free Trial

NZDUSD managed to edge ever so slightly........>

KIWI
KIWI: NZDUSD managed to edge ever so slightly higher overnight and last deals at
best levels of 0.7013.
- That said topside follow through remains lacking with bulls needing a close
above 0.7059 to confirm initial focus on 0.7083-0.7200 where 55, 100 & 200-DMAs
and 21, 55, 100 & 200-WMAs are situated. Initial support is noted at hourly
resistance from June 04 (0.6993), which held overnight.
- The Bollinger top (0.7070) and overbought studies are key concern for bulls.
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.