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AUD/NZD Tests The 200-Day EMA Support

NZD
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  • AUD/NZD finished Friday's session little changed at 1.0829. The cross is now 1.80% off recent highs, and is trading right on the 200-day EMA. The 14-day RSI was unchanged on Friday and sits near oversold territory at 33, while the MACD is showing increasing red bars.
  • Looking at technicals, initial resistance is 1.0855 (100-day EMA), while we are trading right on initial support this morning at 1.0832 (200-day EMA) a break here would see us target 1.0800 (round number support) to trade back in the middle of recent ranges.
  • The AU-NZ 2Y swap is 2bps higher at -80.5bps.
  • Option expiries: 1.0970 ($100.27m) May 27 NY cut, upcoming notable strikes include 1.1000 ($100m) May 29.
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  • AUD/NZD finished Friday's session little changed at 1.0829. The cross is now 1.80% off recent highs, and is trading right on the 200-day EMA. The 14-day RSI was unchanged on Friday and sits near oversold territory at 33, while the MACD is showing increasing red bars.
  • Looking at technicals, initial resistance is 1.0855 (100-day EMA), while we are trading right on initial support this morning at 1.0832 (200-day EMA) a break here would see us target 1.0800 (round number support) to trade back in the middle of recent ranges.
  • The AU-NZ 2Y swap is 2bps higher at -80.5bps.
  • Option expiries: 1.0970 ($100.27m) May 27 NY cut, upcoming notable strikes include 1.1000 ($100m) May 29.