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TDUX
Oct 20 - 07:55 PM
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NZD/USD - Extends Gains As Crucial Inflation Update Looms

By James Connell  —  Oct 20 - 06:19 PM

• NZD/USD +0.4% from Tue 0.56625 low as pair's week-long rally continues

• NZ Q3 CPI update due Thur, Reuters poll consensus +0.8% q/q, +3.8% y/y

• Futures pricing now implies 91% probability of 25 bps RBNZ hike Oct 28

• Brent crude -0.4% as Russian diesel starts to flow after sanctions lifted

• France to deploy military in response to civil unrest, markets remain wary

• NZD remains clear above 0.5634 21-DMA, may extend towards 0.5775 zone

• Range NZ 0.56811-87, support 0.5566 0.5485, resistance 0.5995 0.6012
DXY Daily 55/100/200-DMA


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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