The New Zealand Dollar (NZD) is a little weaker off Monday’s open against the Euro (EUR) dropping to 0.5500 (1.8180) this morning as risk sentiment erodes. German Trade Balance came in light overnight printing at 15.9B compared to 17.6B predicted showing the country’s economy continues to waiver. A very thin calendar of events this week could see the EUR gather pace on a fundamental level.
Current Level: 0.5499
Support: 0.5410
Resistance: 0.5540
Last week’s range: 0.5441 – 0.5530