JP Morgan summarizes its technical bias on EUR/USD and NZD/USD in the very near-term.

"We would  like to see a 2 day close above 1.1673/1.1693 (50,100,200 DMAs) to technically get more excited about the topside in EURUSD," JPM notes.

"NZD was the second-best performing currency in G10 yesterday, helped by a slightly more hawkish RBNZ than expected, but also being one of those currencies that had felt the most pain since the start of the conflict, leading the relief rally. We struggle to buy the bird, but if it can build on yesterdays move and manage a 2 day close above the 100 and 200 DMAs ~ 0.5850, then we would be sympathetic to further gains," JPM adds.