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Firmer, AUD/NZD Above $1.07

NZD

NZD/USD prints at $0.6225/30, the pair is ~0.2% firmer today.

  • NZD/USD was pressured in early dealing, however falling producer prices in China and firmer regional and US equities saw the pair supported ahead of $0.62.
  • Losses were pared and the pair sits a touch off session highs.
  • AUD/NZD is firmer, the cross sits above $1.07. Bulls target the 20-Day EMA at $1.0722.
  • Cross asset wise; Hang Seng is up ~1% and e-minis are ~0.2% firmer. 2 Year US Treasury Yields are 3bps lower, BBDXY is ~0.2% softer.
  • Looking ahead, Mar Card Spending is on the wires early tomorrow.

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