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TDUX
Oct 12 - 07:55 PM
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NZD/USD - Struggles To Remain Above Key Technical Support

By James Connell  —  Oct 12 - 05:48 PM

(Corrects rate in second bullet)

• NZD/USD -0.6% from Mon 0.5619 high as USD buyers regain the upper hand

• Pair bouncing along 0.5581 support line, break below looks inevitable

• DXY trades new 102.61 18-month high ahead critical U.S. CPI update Wed

• WTI +1.4% as fresh Saudi attacks overshadow any Trump diesel deal impacts

• Ukraine says Russia hit energy facilities despite U.S. ceasefire claim

• Futures pricing currently implies 62.8% chance of RBNZ hike on Oct 28

• Range NZ 0.5584-867, support 0.5581 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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