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NZD/USD crept higher into Monday's London morning but shed gains in the second half of the day, taking a dip into the WMR fix. Liquidity was limited in the festive season, with focus on a slew of familiar catalysts, notably U.S. fiscal matters after U.S. Pres Trump signed off on a Covid-19 relief bill. The pair charted a Doji candlestick at the end of the day.
- NZD/USD trades flat at $0.7101 as we type, establishing itself around the $0.7100 figure. A slide through Monday's low of $0.7084 would allow bears to set their sights on Dec 21 low of $0.7003/00. Conversely, bulls look for a jump above Monday's high of $0.7139 before targeting Dec 17 cycle high of $0.7171.
- There's nothing left on NZ economic docket as we cruise towards the end of the year.