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Firms On Monday, Local Docket Empty Today

NZD
BulletMarketsForeign Exchange NewsHomepage

NZD/USD prints at $0.5910/15, the pair rose ~0.3% on Monday.

  • The pair operated in a narrow range for the most part on Monday, consolidating above the $0.59 handle with rallies capped above $0.5920.
  • In the wider G-10 space Monday's session was mainly muted as Wednesday's FOMC rate decision comes into view.
  • Bulls immediate focus is on a break of the 20-Day EMA ($0.5930), which opens the high from 10 Aug ($0.6118) and the 200-Day EMA ($0.6144). Bears look to break $0.5859 (6 Sep low) which opens $0.5757 (low from 4 Nov 22) and $0.5728 a Fibonacci projection.
  • AUD/NZD fell yesterday and now sits a touch below the $1.09 handle, the pair has printed its highest level since early July before gains were pared.
  • Cross asset wise; S&P500 was a touch higher and BBDXY fell ~0.1%. 10 Year US Tsy Yields fell ~3bps. WTI rose ~1.5%.
  • The local data docket is empty on Tuesday.
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NZD/USD prints at $0.5910/15, the pair rose ~0.3% on Monday.

  • The pair operated in a narrow range for the most part on Monday, consolidating above the $0.59 handle with rallies capped above $0.5920.
  • In the wider G-10 space Monday's session was mainly muted as Wednesday's FOMC rate decision comes into view.
  • Bulls immediate focus is on a break of the 20-Day EMA ($0.5930), which opens the high from 10 Aug ($0.6118) and the 200-Day EMA ($0.6144). Bears look to break $0.5859 (6 Sep low) which opens $0.5757 (low from 4 Nov 22) and $0.5728 a Fibonacci projection.
  • AUD/NZD fell yesterday and now sits a touch below the $1.09 handle, the pair has printed its highest level since early July before gains were pared.
  • Cross asset wise; S&P500 was a touch higher and BBDXY fell ~0.1%. 10 Year US Tsy Yields fell ~3bps. WTI rose ~1.5%.
  • The local data docket is empty on Tuesday.