Pressured; Greenback Firms On Further Debt Ceiling Optimism, Fedspeak

NZD/USD prints at $0.6220/25, the pair fell ~0.4% on Thursday.

• The USD firmed yesterday as Congressional leaders made plans for votes on a bipartisan deal to avoid debt default. Dallas Fed President Logan noted the case for a rate pause in June isn't clear further aiding the USd bid.
• NZD/USD was pressured falling below its 200- and 20-Day EMAs, support was seen in the NY session ahead of $0.62 and losses were pared.
• Bears now target a move below the $0.62 handle opening the low from 26 April at $0.6112. The 200-Day EMA ($0.6258) presents as the first target for bulls.
• AUD/NZD fell ~0.2%, the pair found support ahead of $1.06 and pared losses to sit at $1.0630/40.
• Cross asset wise; S&P500 rose 1% printing a nine month high. Nasda rose 2% to the highest level since April 2022. BBDXY was 0.6% firmer and 2 Year US Treasury Yields were ~10bps higher.
• On the wires today we have April Trade Balance, there is no estimate the prior read was a deficit of $1.273bn.