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TDUX
May 27 - 08:55 PM

NZD/USD - Surges On Hawkish RBNZ Bias

By James Connell  —  May 27 - 06:54 PM

• NZD/USD +1.1% from Wed 0.5835 low as markets calibrate hawkish RBNZ dialogue

• RBNZ sees higher OCR sooner than slated in Feb monetary policy statement

• NZD breaks above recent 0.5888 top, likely headed towards 0.5991 resistance

• NZ government budget to be unveiled Thur, reports suggest fiscal tightness

• Trump not happy with Iran deal & threatens Oman, peace deal looks doubtful

• Range NZ 0.58961-0.5903, support 0.5815 0.5680, resistance 0.5991 0.6012
NZD Daily 55-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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