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Marginally Pressured, Narrow Ranges


NZD/USD prints at $0.5970/75, the pair is ~0.1% lower on Tuesday.

  • Narrow ranges are persisting with NZD respecting a $0.5960/80 range for the most part on Tuesdays Asian trading.
  • AUD/NZD sits in a narrow range above the 200-Day EMA as the cross continues to consolidate recent gains.
  • Cross asset wise; e-minis are ~0.1% firmer and BBDXY is flat. US Tsy Yields are little changed.
  • Focus now shifts to tomorrow's RBNZ meeting, there is no change in policy expected.

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