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AUD/NZD Testing 1.1000, Filled Jobs Shortly

NZD
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  • AUD/NZD traded higher on Friday up 0.36% to close the week at 1.0999, after briefly traded above 1.100 and making new YtD highs. We continue to trade above all major EMAs, with the 14-day RSI now in overbought territory at 0.72.5, while the MACD is showing a decrease in red bars, signaling buyers are well in control. Initial resistance is 1.1001 (Apr 26 high), while support lays at Friday's lows of 1.0940, a break here would look to test 1.0918 (20-day EMA)
  • The AU-NZ 2Y swap is unchanged at -74.5bps, we are 16.75bps higher over the past week.
  • Upcoming expiries: 1.0900 ($575m), 1.1100 ($692.61m) Apr 29 NY Cut
  • Looking ahead: Filled Jobs at 8.45am AEST
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  • AUD/NZD traded higher on Friday up 0.36% to close the week at 1.0999, after briefly traded above 1.100 and making new YtD highs. We continue to trade above all major EMAs, with the 14-day RSI now in overbought territory at 0.72.5, while the MACD is showing a decrease in red bars, signaling buyers are well in control. Initial resistance is 1.1001 (Apr 26 high), while support lays at Friday's lows of 1.0940, a break here would look to test 1.0918 (20-day EMA)
  • The AU-NZ 2Y swap is unchanged at -74.5bps, we are 16.75bps higher over the past week.
  • Upcoming expiries: 1.0900 ($575m), 1.1100 ($692.61m) Apr 29 NY Cut
  • Looking ahead: Filled Jobs at 8.45am AEST