Post-NFP Recovery Caps Strongest Week Since Mid-March

NZD/USD prints at $0.6290/95, the pair is little changed from Friday's closing levels in a muted start to Monday's dealing.

• On Friday the pair was pressured in the aftermath of the NFP print in the US as the headline number beat forecasts, however notable revisions weighed on the greenback and NZD/USD pared losses through the NY session.
• NZD/USD finished the session ~0.2% higher, the pair had its strongest week since mid March rising ~1.8%.
• Technically we are consolidating above the 200-Day EMA. Bulls target a break of Apr high at $0.6379, from here they can target year to date highs at $0.6538. Bears immediate attention is on the 200-Day EMA ($0.6257).
• AUD/NZD firmed on Friday, the pair rose ~0.6% and now sits above the $1.07 handle. The 20-Day EMA is at $1.0754, support comes in at $1.0588 low from Apr 5.
• Cross asset wise; the S&P500 rose 0.6% on Friday and BBDXY was down ~0.2%. 2 Year US Treasury Yields rose ~12bps.
• The domestic data calendar is empty today, looking ahead this week we have Card Spending, Food Prices, Manufacturing PMI and 2 Year Inflation Expectations scheduled to cross.