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Trimming Post NFP Gains

NZD

NZD/USD prints at $0.5950/55, the pair is ~0.2% lower today.

  • Kiwi has continued the price action seen in yesterday's dealing trimming its post-NFP gains as the USD ticks marginally higher in Asia. Softer US Equity futures and regional equities are weighing on risk appetite at the margins.
  • Bulls look to break the high from 10 Oct at $0.6049 to target the 200-Day EMA ($0.6073). Bears focus is on the 20-Day EMA ($0.5898).
  • AUD/NZD is dealing in a narrow range below the $1.09 handle.
  • There has been little domestic news flow today, a reminder that the local docket is empty.
  • Looking ahead; spillover from the RBA's monetary policy decision across the Tasman presents as the main macro driver in today's Asian session.

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