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NZD: NZD/USD Testing 100-day EMA Resistance

NZD

NZD right on 100-day EMA resistance at the moment, see the chart below. The regional equity tone is mostly positive, with strong gains in most North East Asian markets. US equity futures are still in the red but away from session lows.

NZD is outperforming modestly in the G10 space, along with NOK and AUD. The USD BBDXY index is starting to tick lower.

Fig 1: NZD/USD Versus Key EMAs 

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NZD right on 100-day EMA resistance at the moment, see the chart below. The regional equity tone is mostly positive, with strong gains in most North East Asian markets. US equity futures are still in the red but away from session lows.

NZD is outperforming modestly in the G10 space, along with NOK and AUD. The USD BBDXY index is starting to tick lower.

Fig 1: NZD/USD Versus Key EMAs 

Keep reading...Show less