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Narrow Range v USD, AUD/NZD Above $1.08

NZD

NZD/USD prints at $0.6210/15, little changed from yesterdays closing levels.

  • The pair has observed a narrow range for the most part today with little follow through on moves. Support has been seen ahead of $0.62 and resistance at $0.6220 thus far.
  • AUD/NZD has firmed above $1.08 after the Australian unemployment rate held at 3.5%, an uptick to 3.6% had been expected. Bulls can now target the 200-Day EMA at $1.0872.
  • Cross asset wise; US Treasury Yields are ~1bp firmer across the curve. E-minis are little changed as is BBDXY.
  • Wider swings in risk sentiment will be the main driver in NZD for the remainder of the session.

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