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Testing 200-Day EMA

NZD

NZD/USD is testing the 200-Day EMA ($0.6272), the pair faced resistance post FOMC at this level. The turn around in US Treasury Yields have weighed on the greenback in recent dealing, the 2-Year Yields is ~10bps lower than session highs.

  • A break through the 200-Day EMA will re-establish the up-trend. From here bulls can target the $0.64 handle and look to re-test 2023 highs at $0.6538.

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