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Oct 29 - 12:12 AM
NZD/USD - Bounces On Report NZ Super To Reduce Hedges
First appeared on eFXplus on Oct 28 - 10:35 PM
  • NZ Super fund considering not hedging all foreign investments

  • Report in Stuff News helping NZD/USD to bounce above 0.6370

  • NZD/USD up 0.40% and only currency moving in Asia today

  • Pair has been under pressure for past few sessions on AUD/NZD demand

  • NZD/USD testing resistance at 10-day MA at 0.6372

  • A clear break above 0.6375 targets another test of 0.6436






nzd/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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