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Rangebound vs USD


NZD/USD prints at $0.6200/05, little changed from Monday's opening levels.

  • The pair has been rangebound vs USD thus far today respecting a narrow ~20bps range. Pressure was seen in the wake of declining industrial profits from China and an offer in the Hang Seng however losses were brief and the NZD firmed off session lows.
  • Bulls look to break the 20-Day EMA at $0.6216, which opens the 200-day EMA ($0.6262).
  • AUD/NZD is flat, the cross last prints at $1.0715/25.
  • Cross asset wise, e-minis are ~0.4% firmer however are off session highs. 10 Year US Treasury Yields are unchanged, BBDXY is a touch firmer.

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