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TDUX
Oct 06 - 07:55 PM
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NZD/USD - Firmer, But Still Tightly Gripped By Downtrend

By James Connell  —  Oct 06 - 06:03 PM

• NZD/USD +0.6% from Tue 0.5590 low, but down cumulative 6.1% since Aug 21

• Pair targets 0.5581 support, clean break would prompt slide toward 0.5845

• U.S. imports +4.3% in Aug to record high as trade deficit widens 13.7%

• U.S. equities stay upbeat ahead of Q3 earnings season starting next week

• Fed meeting minutes due Wed, DXY & UST yields softer as bond fear moderates

• RBNZ Governor Anna Breman speaks Thur, Karen Silk panel discussion Fri

• Range NZ 0.5622-28, support 0.5581 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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