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TDUX
Oct 28 - 07:55 PM
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NZD/USD - Lifted By Avalanche Hawkish RBNZ Jawboning

By James Connell  —  Oct 28 - 05:54 PM

• NZD/USD +0.8% from Wed 0.55831 low, but remains well off pre-RBNZ levels

• Wed's remarkably hawkish OCR hold has investors contemplating future hikes

• RBNZ Governor Anna Breman says OCR to rise higher than previous path

• Futures pricing now implies 74.4% probability of Dec 9 RBNZ hike

• NZD sellers likely ahead of 0.5637 21-DMA, break above may flip narrative

• FOMC holds FFR steady while acknowledging that inflation remains elevated

• U.S. core PCE index due Thur, Reuters poll consensus +0.3% m/m, +3.1% y/y

• Range NZ 0.5611-385, support 0.5566 0.5485, 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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