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TDUX
Sep 01 - 07:55 PM

NZD/USD - Slips Below Technical Support Ahead Of RBNZ Outcome

By James Connell  —  Sep 01 - 06:19 PM

• NZD/USD -0.7% from Tue 0.5928 high despite expectations of RBNZ hike Wed

Break below 0.5909 21-DMA a bearish signal that may bookend 9-week rally

• DXY & UST yields higher after U.S. renews attacks on Iran, WTI +5.2%

• Futures pricing now implies 67.5% probability of Fed rate hike in Sep

• Crucial U.S. Aug non-farm payrolls due Fri, Reuters poll consensus +56k

• Range NZ 0.58875-925, support 0.5821 0.5762, 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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