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TDUX
Oct 07 - 07:55 PM
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NZD/USD - Struggles To Hold Ground As USD Remains Ascendant

By James Connell  —  Oct 07 - 06:13 PM

• NZD/USD -0.4% from Wed 0.5625 high as DXY climbs 0.4% amid EU debt concerns

• NZD target remains 0.5581 support, break would hasten slide toward 0.5845

• RBNZ Governor Anna Breman speaks Thur, Karen Silk panel discussion Fri

• Futures pricing currently implies 52.9% chance of RBNZ hike on Oct 28

• FOMC meeting minutes reveal differing views on reasons for Sep Fed hike

• Range NZ 0.55985-0.56045, support 0.5581 0.5485, resistance 0.5995 0.6012
NZD Daily 21/55/100-DMA


DXY Daily 55/100/200-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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