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Derived real-time data in partnership with:
Thomson Reuters
May 08 - 11:00 PM
NZD/USD - Trend Reinvigorated - 0.6936 Test Beckons
First appeared on eFXplus on May 08 - 08:45 PM
  • -0.1% this morning - modest flow - closed -0.7% - AUD lead amid USD strength
  • Local markets cautious ahead of new RBNZ gov Orr's MPS tomorrow nL3N1SE1LT
  • Dip reinvigorates downtrend - 0.6954/62 late December low provided a base
  • Momentum studies, 5, 10 & 20 DMAs trend south - strong negative setup
  • 0.6936, 76.4% 2017/2018 bounce next support, break to target 0.6781 2017 low
  • NY 0.6954 low & NY afternoon 0.6981 high initial support/resistance

nzd may 9 Click here

Source:
Thomson Reuters IFR Markets

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