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TDUX
Sep 03 - 08:55 PM

NZD/USD - Struggles To Break Free Of Post-RBNZ Doldrums

By James Connell  —  Sep 03 - 06:48 PM

• NZD/USD +0.5% from Thur 0.58475 low, but sellers still lurking on topside

• RBNZ revelation that hiking cycle will slow has reigned-in hawkish sentiment

• 0.5762 support a key target, break above 0.5908 21-DMA would change outlook

• DXY -0.6% after Fed Governor Waller foreseeably leans towards Sep Fed hold

• Futures pricing implies FOMC Sep rate hike now approaching an each-way bet

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

• Range NZ 0.58795-831, support 0.5762 0.5627, resistance 0.5995 0.6012
NZD Daily 21/55/100-DMA


DXY Daily 55-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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