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Narrow Range v USD, AUD/NZD Firms

NZD

NZD/USD prints at $0.6165/70, little changed in today's trading.

  • The pair has observed a narrow range this morning with little follow through on moves.
  • AUD/NZD is ~0.2% firmer, last printing at $1.0940/50. The 200-Day EMA ($1.0914) had provided support in recent sessions and the pair has ticked higher today.
  • Feb ANZ Business Confidence continues to tick away from all time lows seen in December rising to -43.3 from -52.0. ANZ Activity Outlook rose to -9.2 from the prior read of -15.8.
  • Wider swings in risk sentiment will be the main driver in NZD for the remainder of the session.

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