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Ticks Higher In Asia

NZD

NZD/USD prints at $0.6220/25, the pair is ~0.2% higher today.

  • Kiwi has ticked higher this morning trimming some of its losses seen early in yesterday's NY session. A pre-BOJ offer in USD/JPY has spilled over into marginal pressure on the USD.
  • The uptrend in NZD/USD is firmly intact, bulls target a break of the high from 14 Dec ($0.6249) which opens the $0.63 handle. Support comes in at $0.6138 (20-Day EMA).
  • AUD/NZD sits a touch lower than opening levels, however the cross remains well within recent ranges.
  • A reminder that early in today's session the November Trade Balance narrowed a touch from October printing at $1.234bn. ANZ Business Confidence ticked higher in December to 33.2 from 30.8, the Activity Outlook rose to 29.3 from 26.3.
  • Looking ahead early in tomorrow's December ANZ Consumer Confidence is due. Today, wider swings in risk sentiment will be the main driver in NZD.

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