NZD/USD chart - Trading View
NZD/USD was trading 0.05% lower on the day at 0.6003 at around 09:30 GMT, bias remains neutral.
China's MLF operation fails to lift the antipodeans. The People's Bank of China (PBOC) injected 56.1 billion Yuan into the system via targeted medium-term lending facility (MLF) operation.
Notably, the central bank cut the interest rate on the 1-year targeted MLF to 2.95% from the previous rate of 3.15%.
Market sentiment grim as Gilead's coronavirus drug fails in first trial. As expectations of a quick economic recovery continue to dwindle risk assets remains subdued.
NZD/USD extends sideways along 21-EMA support. Volatility remains low and technical studies do not provide a clear directional bias for now.
Major trend in the pair is bearish, but a breakout above daily cloud could change near-term dynamics.


CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: NZD/USD sustains gains as uptrend remains strong
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
FxWirePro- Major European Indices
FxWirePro- Major US Indices
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
Bank of America Posts Strong Q4 2024 Results, Shares Rise
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Stock Futures Dip as Investors Await Key Payrolls Data
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 



