The New Zealand Dollar (NZD) extended its run lower Monday off 0.5540 (1.8060) against the Euro (EUR) reaching 0.5515 (1.8130) this morning, an 11-week low. We have no tier 1 data publishing this week which means global macro themes will continue to dictate moves. On the chart we see support around current levels, any action below 0.5512 (1.8140) may signal further drops in the cross.
Current Level: 1.8122
Resistance: 1.8200
Support: 1.7850
Last Weeks Range: 1.7833 – 1.8071