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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.
AUDNZD
AUD/NZD prints at $1.0705/10, ~0.1% softer in today's trading.
- AUD/NZD has now retraced 61.8% of the Dec-Feb bull leg.
- The cross briefly dealt below the $1.07 handle late in yesterday's session, printing a fresh YTD low at $1.0697.
- Bears now target the 76.4% retracement of the Dec-Feb bull leg ($1.0617), a break through there opens 2022 lows at $1.0471.
- Bulls target the 20-Day EMA ($1.0840) to turn the tide.
- Yield spreads are mostly skewed in NZD's favor still, with spreads sitting close to recent lows., albeit with a good degree of volatility in recent sessions.
Fig 1: AUD/NZD Daily Spot, EMA's
Source: MNI/Bloomberg
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.
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