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TDUX
Oct 25 - 07:55 PM
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NZD/USD - In Neutral Ahead Of Key Central Bank Decisions

By James Connell  —  Oct 25 - 05:53 PM

• NZD/USD flat Mon, activity subdued with NZ markets closed for holiday

• RBNZ monetary policy meeting outcome due Wed, 25 bps hike widely anticipated

• FOMC outcome (also due Wed) and associated dialogue could be pivotal for NZD

• Brent crude $116.72 a barrel as Middle East supply concerns re-escalate

• NZD remains clear of 0.5636 21-DMA, move towards 0.5770 zone seems likely

• Range NZ 0.5690-0.5700, 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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