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Bottom Of The G10 Pile

NZD

Friday saw NZD/USD finish broadly flat, escaping losses despite broad gains in the greenback post NFP. USD rose after a stronger-than-expected jump in March payrolls, the gain of 916k was the most in seven months, and came alongside an upward revision to the February data. The pair is under pressure this morning in Asia, last down 11 pips at 0.7020 putting NZD at the bottom of the G10 pile. Widespread holidays in Europe and Asia are expected to keep liquidity thin. New Zealand markets are closed today for Good Friday, participants will return on Tuesday.

  • A jump above Mar 30 high of $0.7034 would open up the 100-DMA at $0.7136. Bears look for a dip through Mar 25 low of $0.6943, towards the 200-DMA at $0.6883.
  • In terms of domestic data there is nothing on the docket today; it is a quiet week of data releases with ANZ Activity survey one of few highlights.
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