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Outperforming, 20-Day EMA Provides Support

NZD

NZD/USD prints at $0.6330/35, ~0.3% firmer in today's trading, only JPY is a better performer than NZD in the G10 space at the margins.

  • With little macro news flow today early offers in USD/JPY have spilled over into mild USD weakness.
  • NZD/USD found support at the 20-day EMA in early trading to firm through the Asian morning dealing just off its high of $0.6335.
  • The US 10 year yield is 2bps lower, US equities are ticking higher with e-minis up ~0.1% and the DXY is down ~0.2%.
  • Any wider swings in risk sentiment will continue to set the tone for NZD today.

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