Free Trial

The NZD traded in resolute fashion on..........>

KIWI
KIWI: The NZD traded in resolute fashion on Wednesday, moving higher in NY trade
on the back of a broader improvement in commodity tied FX & later risk sentiment
was buoyed on the back of the U.S./EU trade talks, with the NZD/USD last dealing
at $0.6845, after peaking at $0.6850.
- Immediate resistance is noted at the Bollinger band top ($0.6854), followed by
the July 09 high ($0.6858), with a break opening up a move to the 55-DMA
($0.6882). Downside interest can be found at hourly support ($0.6821), followed
by Tuesday's low ($0.6769).
- Participants look to Friday's ANZ consumer confidence release as the next
domestic point of interest, followed by next week's NZ labour market report.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.