Forex Strategies

Daily FX Wrap and Strategy

The NZD/USD has traded a relatively tight range over the past 24-hours,

Into today’s open equities are firming, U.S. yields are stable with

The NZD/USD has strengthened overnight to trade at 0.7420 this morning.

Post non‐farm payrolls markets appear quiet but most volatility measures are higher as Greek and

NZD was shunted lower by strong US employment numbers on Friday night.

Markets are quiet ahead of payrolls, with most of the G10 currencies consolidating vs the USD,

Today’s highlights: EURUSD’s spotlight stays on the price and 21-day average resistance at 1.1495/1.1534.

Markets are mixed into the open; but the USD is soft,

NZD/USD sits at similar levels to yesterday morning, just 0.1% higher at 0.7370.

Markets are calmer into today’s open, with a relatively mixed environment.

Today’s highlights: AUDUSD’s attention turns to price resistance at

NZD/USD broke above 0.74 earlier this morning, but has since cooled its heels.