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NZD/USD picked up a bid Tuesday as the greenback faltered against all of its G10 peers in a thin festive-season session ahead of the turn of the year. There was little in the way of local news flow to move the needle, with U.S. fiscal matters dominating.
- Little to pen re: local catalysts this morning, with headline flow still subdued in the festive season.
- NZD/USD trades flat at $0.7150 as we type, with bulls looking for a push through Dec 29/17 highs of $0.7165/71, which would affirm bullish dominance. Above there opens the upper 2.0% 10-DMA envelope at $0.7257. Bears need a dip through Dec 28 low of $0.7084 before targeting Dec 21 low/round figure of $0.7003/00.