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Kiwi struggles while the Pound leads

USD
  • The Dollar is a little mixed in G10, flat against JPY, NOK, CHF CAD.
  • Worst performer is the Kiwi now down 1.49%, after the RNBZ hiked their rates as expected, but signaled that rate could be at its peak at current levels.
  • Next support for NZDUSD will be at 0.6113, the April low.
  • Best performer is of course the Pound, following the UK inflation beat, but Cable is off its best levels, while initial resistance will be seen at 1.2487 20-day EMA.

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