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In the red against G10s

USD
  • Although in the red against G10s overnight, the USD is still up over the past 5 days.
  • Only the CAD is up 0.54% for that period, since that big beat in Canadian Employment data last Friday.
  • Early best performer is the Kiwi, but looking at the chart, the NZDUSD trades well within yesterday's range, and has only recovered some 56 pips from yesterday's low, when it traded at its lowest level since the 6th January.
  • Resistance in NZDUSD is seen towards the 0.6365 area, while support is at yesterday's low, 0.6253.

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