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Gains Extend

NZD

Kiwi has extended post NZ budget gains in recent dealing, the pair now sits a touch below the 200-Day EMA ($0.6263) and is up ~0.2% today.

  • A break through the 200-Day EMA opens the high from May 11 at $0.6385.
  • AUD/NZD is ~0.3% softer, the pair last prints at $1.0620/30 and we sit at session lows. Recent ranges remain intact for now, on the downside bears target a break of the low from Apr 5 at $1.0588.

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