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NZDUSD Holding Above 0.6100, Still Sub Key EMAs

NZD

NZD is firmer today, trading a very tight range of 0.6110/6120. There hasn't been much in the way of headlines in Asia today. It was reported earlier that a quarter of all NZ apartments sales are now being made at a loss, while 10% of all residential property sales in Auckland and made at a loss, according to CoreLogic. While ASB has raised is milk price forecast to $8.00/kg from $7.85/kg.

  • NZDUSD, has remained in a tight trading range today of 0.6110/6120, the 20 and 50 day EMA comfortably sit above spot in the 0.6125/6140 range and could be a target if US Job Claims numbers out tonight miss expectations.
  • AUDNZD has traded largely flat today at 1.0670, holding onto the clear break of the 1.070 overnight. The break of 1.070 a level that has held since mid-December could signal further downside to the Dec lows of 1.0650, or Oct lows of 1.0630
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