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Holding Above $0.63

NZD

NZD/USD prints at $0.6330/35, the pair fell ~0.1% on Thursday.

  • Kiwi dealt in a narrow range on Thursday, NZD/USD ticked away from NY session highs as the greenback found support after a poorly received 7-Year auction.
  • NZD/USD continues to hold above the $0.63 handle as recent gains are consolidated in thin holiday trade. We sit ~9.5% above October cycle lows.
  • Technically the uptrend remains intact; bulls target $0.6412, the high from 14 Jul. A break through here opens $0.6563, a Fibonacci projection. Bears focus on the 20-Day EMA ($0.6227).
  • The data docket is empty on the last trading day of 2023. A reminder that NZ markets are closed on Monday.

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