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NZD/USD Unchanged At 0.6172, Vol Near Lows

NZD
  • NZD/USD has maintained stability throughout the day despite a slight initial dip, with no apparent macro catalyst driving the move. Trading remained confined within a narrow 25-pip range, comfortably within Thursday's levels. The pair briefly breached initial resistance, reaching 0.6184 before retracing to trade unchanged for the day at 0.6172 while 1m historical volatility sits near yearly lows
  • Key levels to watch: initial resistance at 0.6178 (Feb 27 high), a break above opens a move to the 0.6219 area (Feb 22 highs). Initial support at 0.6127 (Mar 7 lows), below here, 0.6069 (Mar 6 lows), and a break of those levels opens up a retest of 0.6050 (Feb 13 lows). Currently, the 20-day & 50-day EMAs are at 0.6130/0.6135.

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