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Highest Level In Two Weeks

NZD

NZD/USD prints at $0.6190/95, the pair rose ~0.6% on Tuesday.

  • Amid thin holiday volumes, as US markets were closed, NZD firmed through the session printing its highest level since 22 June.
  • Resistance came on above $0.62 and ahead of the 200-Day EMA ($0.6224) and gains were marginally pared.
  • Bulls now target a break of the 200-Day EMA ($0.6224) which opens the high from 23 May at $0.6303. Bears focus on the 20-Day EMA ($0.6153).
  • At the latest GDT Auction, Whole Milk Powder fell 0.4% to $3149/MT.
  • Cross asset wise; BBDXY was down ~0.1% and US Equity futures were little changed.
  • On the wires today we have June ANZ Commodity Prices M/M, there is no estimate and the prior read was 0.3%.
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