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Pressured vs USD, AUD/NZD Consolidating

NZD

NZD/USD prints at $0.6200/05 the pair is down ~0.1% today.

  • Weaker US Equity futures and regional equities, the Hang Seng is down ~1%, have weighed on risk sentiment this morning. NZD/USD was pressured printing below $0.62 before marginally paring losses.
  • Bears look to first break the low from April 17 $0.6162 from here they can target year to date lows at $0.6085.
  • AUD/NZD continues to consolidate last printing $1.0840/50, the pair has held onto its recent gains above $1.08 and bulls immediate attention is on the 200-Day EMA ($1.0871).
  • Looking ahead Q1 CPI is on the wires early in tomorrow's session, a rise of 6.9% Y/Y is expected.

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