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Muted Dealing In Asia

NZD

NZD/USD prints at $0.6325/30, the pair is little changed in Asia today.

  • There has been a muted session for Kiwi in Asia today, a $0.6320/35 range has persisted for the most part and there has been little follow through on moves thus far.
  • On the upside bulls now target the high from 14 Jul ($0.6412), a break through here opens 2023 highs ($0.6538). On the downside bears first target a break of the 20-Day EMA ($0.6203) to turn the tide.
  • Little meaningful domestic newsflow has crossed this morning.
  • A reminder that the data docket is empty this week.

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