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NZD/USD hovers just above the recent cycle.....>

KIWI
KIWI: NZD/USD hovers just above the recent cycle low, last dealing at $0.6520,
after Monday's early recovery wilted as the pair moved towards $0.6550, with
commodity tied-FX remaining under pressure for the most part.
- Initial support is noted at the YtD low ($0.6513) followed by the figure
($0.6500), while resistance is noted at 06 September high ($0.6616).
- The NZ docket is somewhat limited for the remainder of the week.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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