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Pressured, AUD/NZD Above 200-Day EMA

NZD
BulletMarketsForeign Exchange NewsHomepage

NZD/USD prints at $0.6475/80, ~0.4% softer in todays trading.

  • The pair has been pressured today post New Zealand Q4 CPI, the print was lower than RBNZ projections in its latest MPS, in both headline and non-tradeable terms.
  • Support came in below $0.6470, a level which has proven difficult for bears to sustain a break of in recent sessions.
  • AUD/NZD is dealing above its 200-day EMA ($1.0907) post the Australian CPI beat, with bulls now looking to target the $1.10 handle. The cross last printed a touch off session highs at $1.0930/40.
  • Post-CPI positioning will be the main driver in NZD for the reminder of the Asian session.
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NZD/USD prints at $0.6475/80, ~0.4% softer in todays trading.

  • The pair has been pressured today post New Zealand Q4 CPI, the print was lower than RBNZ projections in its latest MPS, in both headline and non-tradeable terms.
  • Support came in below $0.6470, a level which has proven difficult for bears to sustain a break of in recent sessions.
  • AUD/NZD is dealing above its 200-day EMA ($1.0907) post the Australian CPI beat, with bulls now looking to target the $1.10 handle. The cross last printed a touch off session highs at $1.0930/40.
  • Post-CPI positioning will be the main driver in NZD for the reminder of the Asian session.