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Pressured, Testing 20-day EMA

NZD

NZD/USD prints at $0.6304, down ~0.2% in today's trading.

  • With little in macro drivers risk-off flows have developed today with JPY outperforming, DXY is firmer and US equity futures lower with the NZD pressured as a result.
  • NZD/USD firmed in early trading meeting resistance at $0.6330 before breaking below its 20-day EMA at $0.6309 with some support coming in below $0.63 in recent trading.
  • AUD/NZD is dealing a touch off daily lows, briefly having tested the 50-day EMA yesterday. NZD/JPY is ~0.8% softer, last printing at ¥82.02.
  • Any wider swings in risk sentiment will continue to set the tone for NZD today.
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