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Pressured, Mild Risk-Off Flows Observed

NZD

NZD/USD prints $0.6470/75, ~0.1% softer in today's trading.

  • The pair has been pressured in recent dealing as US Equity futures retreat from session highs to deal unchanged, BBDXY has also recovered from session lows as mild risk off flows weigh on the kiwi.
  • NZD/USD has found support at $0.6470.
  • AUD/NZD is consolidating after yesterday's break above the 200-day EMA, the cross is operating little changed. NZD/JPY has found support at the 20-day EMA in early trading.
  • Wider swings in risk sentiment will be the main driver in NZD for the remainder of the session.

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