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TDUX
Sep 17 - 08:55 PM

NZD/USD - Firms In FOMC Aftermath, But Retains Downside Bias

By James Connell  —  Sep 17 - 06:49 PM

• NZD/USD +0.5% from Thur 0.5705 post-FOMC low as markets begin to recalibrate

• NZ Aug trade balance -1.35 bln (prior -1.95), annual trade balance -5.44 bln

• Middle East war expansion continues as Saudis & Houthis exchange attacks

• President Trump meeting Chinese leader Xi Jinping in Washington next week

• NZD downtrend remains intact, break below 0.5700 puts 0.5627 ytd low at risk

• Range NZ 0.5731-40, support 0.5700-05 0.5627, 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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