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Narrow Ranges, AUD/NZD Holds Below $1.08

NZD

NZD/USD prints at $0.6100/10, little changed from today's opening levels.

  • The pair has dealt in a narrow range this morning with little follow through on moves, resistance has been seen ahead of $0.6120 and support at $0.6100.
  • AUD/NZD is holding below $1.08 today, having printed its lowest level since early January yesterday. The next downside target is $1.0708 low from 2 Jan.
  • Cross asset wise; 10 Year US Treasury Yields are ~4bps firmer and US Equity futures are marginally softer.
  • Looking ahead tomorrow morning we have February Card Spending, before Feb Manufacturing PMI and Q4 Manufacturing Activity on Friday.

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