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Firms Above 20-Day EMA

NZD

NZD/USD prints at $0.6175/80, the pair is ~0.2% firmer today.

  • Pressure on the USD after today's Yuan fix has seen NZD/USD firm above the 20-Day EMA, and briefly trade above yesterday's high ($0.6177).
  • Bulls look to sustain a break of the 20-Day EMA, from here they target the 200-Day EMA ($0.6230).
  • On Friday there is ~$800mn option expiry at $0.6175.
  • AUD/NZD is ~0.3% firmer, the cross has firmed above the 200-Day EMA.
  • Looking ahead the data calendar is thin until the June ANZ Business Survey crosses on Thursday.

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