Pressured As US Tsy Yields Rise

NZD/USD prints at $0.6180/85, the pair fell ~0.4% yesterday.

• The kiwi was pressured in yesterday's European and NY sessions, a cautious ECB weighed on the Euro which spilled over into broader USD strength. Losses extended as US Tsy Yields firmed in lieu of stronger than forecast US GDP.
• NZD/USD fell ~1.6% from its peak in Asia, falling below its 200-Day EMA ($0.6228) and the $0.62 handle in late NY trade.
• Bears now target a break of the low from 24 July ($0.6156), which opens low from June 29 ($0.6051) and year to date lows ($0.5985.) Bulls first target a break above the 20-Day EMA ($0.6216), which opens yesterday's high ($0.6274).
• AUD/NZD is sitting a touch above the 200-Day EMA ($1.0846), a level which has provided support in recent dealing and is emerging as a key level for bears.
• Cross asset wise; 10 Year US Tsy Yields rose 13bps sitting a touch below 4%. BBDXY was up ~0.6%, and e-minis were ~0.7% lower.
• On the wires today we have July ANZ Consumer Confidence. There is no estimate for the print and the prior read was 85.5.