The New Zealand Dollar (NZD) traded a smidge lower off Monday’s open to 0.5885 (1.6990) into Tuesday sessions consolidating around a light calendar week for the cross. Earlier the Euro has proven to be resilient after Chinese economic concerns, however this week the pair may trade in a tightish range with a modest bullish bias.
Current Level: 0.5439
Resistance: 0.5650
Support: 0.5400
Last Weeks Range: 0.5435 – 0.5493