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TDUX
Sep 20 - 09:55 PM

NZD/USD - Softens Slightly In Asia, Firmly Stuck In Reverse

By James Connell  —  Sep 20 - 08:27 PM

• NZD/USD -0.1% early Mon, down a cumulative 4.5% from Aug 21 0.5988 high

Break below 0.5700-05 support zone will trigger slide toward 0.5627 ytd low

• RBNZ Governor Anna Breman scheduled to provide economic update Tue

• 3-day run of JP holidays to impact liquidity in Asia this week

• U.S. & Iran trade fresh threats as Houthis attack Saudi capital Riyadh

• U.S. President Trump to meet CN leader Xi Jinping in Washington this week

• Range NZ 0.57195-24, support 0.5700-05 0.5627, 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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