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TDUX
Sep 29 - 08:55 PM
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NZD/USD - Bounce From 2026 Lows Likely To Be Short Lived

By James Connell  —  Sep 29 - 06:52 PM

• NZD/USD +0.2% from Tue 0.56265 ytd low, technical support may be temporary

• Pair down cumulative 5.8% since Aug 21, targets clean break below 0.5627

• ANZ NZ Sep business outlook survey results due for release Wed, prior 53.7

• Fed President Williams sees no need for urgency on next FFR rate hike

• Futures pricing implies probability of Oct 28 Fed hike has slipped to 53.0%

• Brent crude -2.2% to $102.92 a barrel as Qatar presses for U.S.-Iran deal

• Range NZ 0.5637-435, support 0.5627 0.5581, 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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