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NZD/USD struggled for upside momentum..........>

KIWI
KIWI: NZD/USD struggled for upside momentum overnight, and hovers just above the
recent cycle low, last dealing at ~$0.6530.
- 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 so the pair is
likely to trade off of global risk perceptions & the direction of the AUD/NZD
cross.
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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