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Pressured In Early Trade

NZD

NZD/USD prints at $0.6313, ~0.3% in trading this morning.

  • A bid in USD/JPY, as Nikkei reports that the Japanese Govt approached Amamiya the BoJ Deputy Governor about succeeding Kuroda as the head of the central bank, has spilled over into broader USD strength.
  • NZD/USD has been pressured this morning in thin liquidity, support has come in ahead of $0.63.
  • On Friday NZD/USD was offered in the wake of stronger than expected NFP print in the US. The pair broke out of recent ranges, clearing resistance at its 20-day EMA and closing below its 50-day EMA.
  • Bears next target the 200-Day EMA at $0.6292. Bulls first target 50-day EMA at $0.6339.
  • Liquidity will be impacted today as domestic markets are closed due to the Waitangi Day holiday.
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