technical

The Australian Dollar (AUD) is still holding up well, and for now the broader tone remains constructive.

The Reserve Bank of New Zealand decided to keep interest rates on hold in its February meeting, nothing surprising for market participants. The Kiwi turned south after the RBNZ decision against most major rivals, including the US Dollar, as investors priced in little action this year.

The Brazilian markets are closed for the holidays today, and this effects the USD/BRL, which remains shuttered for closing until the Ash Wednesday observation is complete, the close of the currency pair near 5.2228 on Friday will need to be watched upon the start of trading.

The EUR/USD pair consolidates near 1.1805, its weekly low in the European session on Thursday, with the absence of relevant headlines keeping major pairs within limited intraday ranges.

The USD/SGD is near the 1.26440 ratio as of this writing, this as the currency pair remains within its long-term lower realms, but has taken on a precarious dance the past few days after challenging the 1.26040 vicinity on the 12th of February.

The US dollar continues to see a lot of noise near the 200 Day EMA, as we are trying to rally and turn things around.