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TDUX
Nov 04 - 05:55 PM
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NZD/USD - Recovers Amid Broad Uplift In Risk Sentiment

By James Connell  —  Nov 04 - 03:59 PM

• NZD/USD +0.7% from Thur 0.55811 low, sentiment positive post-U.S. elections

• WTI -7.7% on hopes for Iran peace resolution after Democrats take Congress

• NZ's major parties (National & Labour) neck-and-neck in pre-election polls

• Thur's poor NZ jobs data likely to limit topside potential short term

• Futures pricing implies 58.4% chance of Dec RBNZ hike, down from 78.2% Wed

• Resumption of NZD downtrend would put break below Oct 14 0.5566 low on radar

• Range NZ 0.56181-289, support 0.5566 0.5485, 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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