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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.
AUDNZD
AUD/NZD has been happy to hug a tight range today after finishing slightly lower on Monday. In a noteworthy technical development, a bullish divergence in RSI should put bears on alert. For now, however, the rate remains in a clear downtrend, with next support seen at NZ$1.0547, which limited losses on Nov 12. A break here would open up channel floor/Apr 21 low at NZ$1.0491/84. Conversely, a break above Nov 13 high of NZ$1.0631 would open up Nov 11 high of NZ$1.0686, followed by channel top at NZ$1.0732. The rate last sits +6 pips at NZ$1.0607.
- As a reminder, RBA Dep Gov Debelle will speak on a panel later today.
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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