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TDUX
Aug 06 - 07:55 PM

NZD/USD - Retreats As Middle East Instability Weighs

By James Connell  —  Aug 06 - 05:20 PM

• NZD/USD -0.3% from Thur 0.58845 high as oil spikes amid Middle East concerns

• Houthis claiming 'large-scale' ballistic missile & drone attacks in Yemen

• Iran considers Strait of Hormuz ban for U.S. & Iran ships; WTI +4.0%

• Market turns focus to U.S. Jul non-farm payrolls due Fri (poll +80k)

• NZD in danger of 0.5850 break, stop-loss selling below may amplify move

• Range NZ 0.58679-725, support 0.5850 0.5627, resistance 0.5990-95 0.60925
NZD 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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