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TDUX
Oct 08 - 05:55 PM
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NZD/USD - Probes Key Support But Survives For Now

By James Connell  —  Oct 08 - 04:32 PM

(Corrects NZD level in 2nd bullet)

• NZD/USD finishes Thur up 0.1% after testing key support zone near 0.5580

• Pair -6.4% since Aug 21, break below 0.5581 will hasten slide toward 0.5485

• Futures pricing currently implies 57.3% chance of RBNZ hike on Oct 28

• RBNZ Assistant Governor Karen Silk panel discussion on monetary policy Fri

• DXY & UST yields softer, Fed's Waller flags more hikes (but pace flexible)

• Hurricane Isaias shutters some U.S. oil production, WTI up 3.4% to $91.25

• Trump rules out fresh attacks on Iran in lead up to U.S. midterm elections

• Range NZ 0.56029-041, support 0.5581 0.5485, resistance 0.5995 0.6012
DXY Daily 55/100/200-DMA


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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