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Mostly flat going into the European session

USD
  • Another mostly flat start for the Dollar against the CHF, EUR, JPY, NOK, CAD, GBP, SEK and AUD overnight and going into the European Cash Govie open.
  • Best overnight performer and still the best performer going into the European session is the NZD following a ANZ hawkish note on the RNBZ.
  • NZDUSD has broken through this week's best levels, and next upside target will be at the 0.6155/0.6161 area, pre NFP level and last Friday's high.
  • Since the European Cash open, AUD has moved to session high, now up 0.23%, as Emini edges back towards Yesterday's contract printed high of 5020.00, and Estoxx (VGH4) closes its small opening gap.
  • AUDUSD exchanges hands well within this week's range, and initial resistance will be seen at 0.6540 (Wednesday's high).

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