Free Trial

NZDUSD recovered from the losses inspired by...>

KIWI
KIWI: NZDUSD recovered from the losses inspired by the softer than expected
domestic retail sales data which hit on Monday, with the cross registering a low
of 0.6884, before the USD strength abated, which allowed the cross to recover,
last dealing at 0.6955.
- The cross has cleared the May 11 low of (0.6952), with bulls looking for a
close above this level to target the 21-DMA (0.6984). Hourly support from Monday
comes in at 0.6918.
- The NZ docket is thin this week, with traders looking to Thursday trade
balance data.
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.