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TDUX
Apr 08 - 07:55 PM

NZD/USD - Rockets, But Outperformance Ceasefire Conditional

By James Connell  —  Apr 08 - 07:18 PM

• NZD/USD +1.7% from Wed 0.57255 low, leads broader risk-sensitive asset rally

• Durability of U.S.-Iran ceasefire now in doubt as Iran threatens peace talks

• Iran says Israel's ongoing Lebanon attacks violate terms agreed with U.S.

• NZD probe above 0.5850 200-DMA fails to hold, may encourage bears

• RBNZ warnings on inflation providing additional tailwinds for NZD's run

• Fed's Mar meeting minutes reveal growing receptivity to potential FFR hikes

• U.S. Feb core PCE (poll +0.4% m/m) & Q4 GDP (poll +0.7% q/q) due Thur

• Range NZ 0.58104-28, support 0.5680 0.5580, resistance 0.5918 0.6092
NZD Daily 200-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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