November 20, 2023 01:33 GMT
Firms Above $0.60 Handle
NZD/USD prints at $0.6005/10, the pair is ~0.3% firmer this morning.
- Kiwi has firmed on Monday rising alongside the Hang Seng, headlines (BBG) crossed on late Friday that China's financial regulators vowed to meet all property developers financing needs, and pressure on the USD after the PBOC set the Yuan fixing at its strongest level since August.
- NZD/USD has breached the $0.60 handle, bulls target the 200-Day EMA at $0.6063 which opens the high from 8 Aug ($0.6118). On the downside bears look to target the 20-Day EMA ($0.5937), which opens the low from 14 Nov at $0.5864.
- AUD/NZD has ticked lower this morning after being unable to break the $1.09 handle last week. We sit well within recent ranges at $1.0850/55.
- A reminder that the local docket is empty today, wider swings in risk sentiment will be the main driver in NZD today.