May 19, 2024 21:51 GMT
AUD/NZD Little Changed After Testing 1.0900
NZD
- AUD/NZD finished Friday's session little changed at 1.0912. The cross traded in a 30-pip range and traded below initial support before paring losses to trade flat. There is little on the calendar today, with eyes on the RBNZ on Wednesday. The 14-day RSI is sitting below 50 at 43, while MACD indictor is showing increasing red bars.
- Looking at technicals, the 20-day EMA at 1.0947 now becomes initial resistance, while support now sits 1.0900/04 (round number support/50-day EMA)
- The AU-NZ 2Y swap is unchanged at -69bps.
- Option expiries: 1.0950 ($146.12m), 1.0850 (304.15m) May 21 NY cut.
- Today, the calendar is empty
99 words