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Pressured On Tuesday, Card Spending On Tap

NZD

NZD/USD prints at $0.6190/95, the pair fell ~0.4% yesterday.

  • The pair was pressured through the European session as risk appetite waned, technical flows as AUD/NZD firmed through its 20-Day EMA also weighed on the NZD. Losses marginally extended through $0.62 as US Equities were offered into the close.
  • Technically we continue to consolidate, bears look to break 2023 lows at $0.6085. Bulls look to sustain a break of $0.6235.
  • AUD/NZD firmed above the $1.07 handle and broke its 20-Day EMA ($1.0728). Bulls now target the 200-Day EMA at $1.0873.
  • Cross asset wise, S&P500 was little changed yesterday as were US Treasury Yields. BBDXY fell 0.2%.
  • On the wires today we have March Card Spending, there is no estimate for the Retail or Total prints.

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