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Extends Gains Through 20-Day EMA

NZD

NZD/USD has firmed through the 20-Day EMA in recent dealing. The pair now prints at $0.6225/30, ~0.5% firmer today.

  • Bulls first target a break of $0.6263 (200-Day EMA) which brings high from 14 Feb at $0.6390 in play.
  • Cross asset wise; US Treasury Yields are lower, 2 Year Yield is down ~5bps. E-minis are ~0.2% firmer and Hang Seng is up ~0.6%. BBDXY is down ~0.3%.

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