Tag Archives: NZD/USD

A Lot of Dust to Cloud September’s MPS

We believe the RBNZ will temper its OCR outlook at Thursday’s Monetary Policy Statement (MPS).

Rarely do all parts of the NZ economy move perfectly insynch.

The NZD benefitted from a mild USD sell-off on Friday,rising 0.2% against the USD to 0.8330.

Rallies during August lacked follow through above the 55-DMA with the close above Friday providing bulls with a boost.

Today’s highlights: EURUSD’s sharp fall below 1.3020/15 reinforces our bearish stance,

The NZD is off marginally overnight, with market attentionfirmly elsewhere.

AUD/USD rallied to fresh 2 month highs O/N, spiking above both the Bollinger top and the previous $0.9374 resistance level.

Today’s highlights: EURUSD needs to hold below 1.3221 to

The NZD is effectively unchanged relative to yesterdaymorning, sitting at 0.8330 against the USD.

Time spent below the 21-DMA has been brief with the AUD/USD bouncing from ahead of the Bollinger band base back

Today’s highlights: NZDUSD has removed last week’s low at .8311,

The NZD slid along with most major currencies as the USDrallied broadly overnight,