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Pressured, Breaks 100-Day EMA


NZD/USD prints at $0.6225/35, ~0.4% lower than yesterdays closing levels.

  • The pair broke through its 100-Day EMA ($0.6265) and has ticked away from it through today's Asian session.
  • AUD/NZD, is little changed today however it is dealing back above the $1.10 handle and remains in a narrow range.
  • Weakness in US equity futures and regional equities has dampened risk appetite this morning. E-minis are down ~0.3% and Hang Seng is down ~0.6%. BBDXY has erased its 2023 gains and US Treasury Yields are ~3bps firmer across the curve.
  • The local and regional data calendar is empty for the remainder of the session. Wider swings in risk sentiment will remain as the main driver for NZD today.

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