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The flightless bird looks set to open in.......>
KIWI
KIWI: The flightless bird looks set to open in Asia at the low side of the
$0.6831 to $0.6889 range seen so far today, where weaker NZ business confidence
data and stronger US rate yields kept the kiwi on the defensive. Up shortly, New
Zealand Q3 terms of trade data, the consensus is for a rise of 1.3%. Support is
close-by at $0.6820 (76.4% fib $0.6781 to $0.6945 rise & Nov22 low), a break to
expose $0.6789/81 (Nov21-17 lows), while hourly resistance lies at $0.6870. Kiwi
is currently changing hands at $0.6836.
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