Snapshot: NZD/USD is trading at 0.5961, up 1.26% on the day, driven by broad risk appetite. RBNZ Governor Breman is scheduled to speak twice today, which will be key for near-term direction. The speeches are scheduled at 09:10 NZT and 13:00 NZT.
- Watch 0.5990 as near-term resistance.
- Potential for volatility around RBNZ Governor Breman’s speeches today.
Bias into NY: Bullish on NZD/USD as long as risk appetite remains supported; a break above 0.5990 would open the door to higher levels. DXY weakness and falling US yields are providing a supportive backdrop.