Free Trial

(M2)‌‌ Eyeing The 50-Day EMA


UniCredit on CRBT Decision


1.00% May-38 Bund


Looking ahead to the Fed Minutes

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Resistance At 50-DMA


The greenback rose alongside US yields on Thursday after positive ADP employment and services PMI data. NZD/USD dropped to lows of 0.7126 and closed at 0.7146, last up 3 pips at 0.7149.

  • Having broken support at 0.7180 next support is seen at 0.7120 with further support at 0.7090. Resistance is seen at the 50-DMA at 0.7167 and 100-DMA at 0.7181
  • Data earlier showed construction work done rose 3.7% in Q1 against estimates of 3.0%. According tot the survey 50% of respondents says Auckland new home projects have been moderately/severely hit by the pandemic, particularly with reference to costs and materials. Outside of Auckland 36% have been impacted.
  • There are no further releases on the economic docket today.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.