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Aug 29 - 12:12 AM
NZD/USD - Slides On Weak NZ Business Confidence
First appeared on eFXplus on Aug 28 - 09:50 PM
  • NZD/USD fell form 0.6335 to 0.6315 after weak NZ business confidence nW9N24B00A
  • NZD/USD trading at a fresh four-year low with no decent support close
  • Minor support at the Sept 2015 low at 0.6235
  • AUD/NZD broke 1.0650 and the medium-term outlook has turned bullish
  • It is on track to complete bullish outside week and bullish outside month
  • Next resistance in AUD/NZD is at the double -top around 1.0725

audnzd 1 Click here

audnzd 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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