Free Trial

The break of NZ$1.0450 confirmed a......>

AUSSIE-KIWI
AUSSIE-KIWI: The break of NZ$1.0450 confirmed a falling wedge pattern as
highlighted in the MNI Analysis email (AUDNZD Falling Wedge Mar 28 1254BST).
Gains extended to NZ$1.0496 and rested on the 100-dma, before fading post RBA.
Bulls need a close above the 100-dma & 38.2% retracement of the Aug-Jan fall at
NZ$1.0496/1.0515 to extend the uptrend toward NZ$1.0540/50 which has registered
a series of previous highs. Last NZ$1.0443. 

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.