Good morning, welcome to the start of the FX week. With just the New Zealand market open at this time of the week market liquidity is super thin.
Liquidity will improve just a little as Australia gets active, but not too much. Note also that it’s a Japan market holiday today, which will stretch this period further than normal this Monday morning.
Usual caveats apply – it is very illiquid and prices can move sharply on not very much at all.