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NZD/USD Testing Overnight Highs AUD/NZD Breaks 1.0600

NZD
  • NZD is benefitting from a risk on move after Nvidia beat estimates, Eminis are 0.75% higher, while Nasdaq futures trade 1.35% higher, NZD/USD currently trades 0.29% higher, testing Wednesday highs to trade 0.6195. Initial technical resistance holds at 0.6206 the Jan 16 high.
  • AUD/NZD breaks below 1.0600 and makes fresh yearly lows to trade at 1.0586, opening up a move to the May 2023 lows of 1.0560
  • Looking ahead to Friday NZ has Retail Sales, while later today the US has Chicago Fed Nat Activity Index, Job Claims , and Existing Home Sales due out.

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