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TDUX
Sep 27 - 09:55 PM
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NZD/USD - Edges Closer To Year-To-Date Lows

By James Connell  —  Sep 27 - 08:07 PM

• NZD/USD -0.25% early Mon as month-long slide continues to extend

• Pair down cumulative 5.6% since Aug 21, targeting 0.5627 ytd low short term

• Brent crude +1.6% to $105.98 a barrel after Trump rejects Iran proposal

• U.S.-Iran war resolution still elusive as negotiations yield scant progress

• U.S. Aug durable goods beat expectations Fri at 0.0% m/m (poll -0.4% m/m)

• Range NZ 0.56495-62, support 0.5627 0.5581, resistance 0.5995 0.6012
NZD Daily 21/55/100-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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