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NZD/USD's recovery efforts remain shallow as...>

KIWI: NZD/USD's recovery efforts remain shallow as the cross tends to $0.6500
which is reported to hold option-related support. The rate last deals at
~$0.6515 after registering a cycle low of $0.6501 on Tuesday.
- A break here is likely to accelerate the move to $0.6462 (Feb 02 2016 low),
ahead of the 2016 lows ($0.6348).
- 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
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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