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Nov 02 - 05:55 PM

NZD/USD - Muted Reaction To RBNZ Financial Stability Report

By John Noonan  —  Nov 02 - 04:36 PM
  • RBNZ warns of correction in housing, but says financial system is resilient RBNZ warned higher global interest rates will be a headwind for asset prices

  • nFWN2RT1L4

  • NZD/USD not reacting to the RBNZ report and is trading around 0.7110

  • NZD/USD is down over 1.0% on the day after following AUD/USD lower

  • It is below support at 0.7130 and briefly touched below 200-day MA at 0.7100

  • More support is at 0.7075/85 where the 21-day MA and 38.2 of 0.6860/0.7219 converge

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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