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USDCAD TECHS

Circling Major Support

US TSYS SUMMARY

Stocks and Rates Near Session Highs Late

AUDUSD TECHS

Tepid Bounce

LATAM

OUTLOOK: WEEK AHEAD

US EURODLR OPTIONS

Nice Mark for Early Put Buyer

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Broader demand for USD weighed on NZD/USD Tuesday, dragging the pair away from multi-week highs printed earlier this week, but the $0.7200 mark limited losses.

  • As flagged earlier, the latest report from interest.co.nz noted that the RBNZ "plans to respond in late-May to the Government's request for more information on restricting interest-only mortgages and lending to people seeking large mortgages compared to their incomes." The advice will be released separately from the upcoming Financial Stability Report.
  • New Zealand's trade balance & final ANZ Business Confidence are due tomorrow, while ANZ Consumer Confidence hits the wires on Friday.
  • The rate last trades flat at $0.7208, with bears looking for a break under Apr 22 low of $0.7146. Next support is located at $0.7122, the low print of Apr 19. Bulls need a clearance of Apr 26 high of $0.7243 before targeting Mar 18 high of $0.7269.