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Apr 04 - 09:55 PM

NZD/USD - Could See Better Days Ahead, Clear Skies Above

By Ewen Chew  —  Apr 04 - 08:47 PM
  • NZD/USD broke out of its bearish pattern, up slightly Mon 0.7029

  • Exit from Bollinger downtrend channel may prompt short-covering

  • Topside fairly empty till 21 DMA at 0.7094; 100 DMA 0.7137

  • Very strong US jobs data Fri cheered Wall St, but propped up USD

  • US10y creeps back up to 1.711%, may impede NZD/USD recovery

  • Further yield rise could weigh NZD back to 0.6992 Bollinger band

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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