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Thomson Reuters
Aug 08 - 02:36 AM
NZD/USD - Inflation Expectations Rattle Bears Into RBNZ
First appeared on eFXplus on Aug 08 - 12:40 AM
  • +0.3% in Asia - spiked on rise in NZ inflation expectations nS0N1T100I
  • Sentiment is dovish into RBNZ rate decision tomorrow on growth nL4N1UW0T6
  • Focus on nuances in the RBNZ statement - rates likely on hold until Q2 2019
  • Price stalled for three days - leaves 5, 10 & 21 DMAs edging lower
  • Neutral momentum studies - modest negative setup - 0.6688 July low pivotal
  • Earlier 0.6732 low & 0.6772/78 10 & 21 DMAs are initial support/resistance

nzd aug 8 Click here

Source:
Thomson Reuters IFR Markets

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