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Finds Support Ahead Of Multi-Week Lows

NZD

NZD/USD is just above session lows, last in the 0.6190/95 region. Earlier lows were at 0.6185, which is close to multi-week lows around 0.6180. The pair is back below all key EMAs, while the simple 200-day MA is just above 0.6160.

  • Spill over from USD strength against the majors is weighing on NZD. The BBDXY got above Friday session highs, last near 1223.50 (earlier highs were above 1224.50).
  • In the cross asset space, US yields are down from earlier highs, the US 2yr back to 4.10%, but equity sentiment is a touch softer around the region, while US futures are also away from best levels.

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