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Narrow Ranges In Asia

NZD

NZD/USD prints at $0.5910/15, the pair is little changed in today's Asian session.

  • A narrow $0.5900/20 range has persisted for the most part, there has been little follow through on moves thus far.
  • Bulls immediate focus is on a break of the 20-Day EMA ($0.5933). Bears look to break $0.5859 (6 Sep low).
  • AUD/NZD is consolidating the week's gains in a narrow range below the $1.09 handle.
  • BusinessNZ Mfg PMI ticked lower in August, printing at 46.1 the prior read was revised higher to 46.6.
  • A thin local docket leaves wider swings in risk sentiment as the main driver in NZD for the remainder of Friday's dealing.
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