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Firmer, Testing 20-Day EMA

NZD

NZD/USD prints at $0.6215/20, ~0.3% firmer in today's session.

  • An offer in USD/JPY, which is ~0.7% softer, and firmer regional equities, Hang Seng is up ~1%, have seen the NZD firm today.
  • The pair is testing the 20-Day EMA ($0.6216), as bulls look to target the 200-Day EMA ($0.6263) to re-establish the uptrend.
  • AUD/NZD is little changed with a narrow range thus far today. NZD/JPY is ~0.4% softer, bears target March 2023 lows at Y80.44.
  • Looking ahead the domestic data calendar is empty tomorrow. Feb Building Permits and ANZ Business Survey cross on Thursday morning.

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