Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
Sep 23 - 08:36 PM
NZD/USD - NZD Outperforms On AUD/NZD Profit-Taking
First appeared on eFXplus on Sep 23 - 06:30 PM
  • NZD was best performing currency Monday with NZD/USD rising 0.51%

  • NZD shorts covered, as RBNZ not expected to ease at meeting tomorrow

  • AUD/NZD trend higher looking exhausted as RBA expected to ease next week

  • Cross fell 0.40% and closed at 1.0760/65 - below 10-day MA (1.0775)

  • AUD/NZD support at 21-day MA at 1.0717 and break signals end of trend higher

  • NZD/USD buyers ahead of 0.6250 underpinning price action for now

  • A break of 0.6335/50 where 10 & 21-day MAs converge would ease pressure

  • Break below 0.6235/50 re-ignites trend lower for move towards 0.6000





nzd/usd Click here

aud/nzd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!