The New Zealand Dollar (NZD) traded back to the top of the recent range Monday to 0.4850 (2.0610) against the British Pound (GBP) before falling on risk flows Tuesday to 0.4830 (2.0710). The kiwi is still well above the moving average game line with bias to the downside. US Equities are trading at the bottom of the recent range with the Nasdaq down over 1% overnight also pulling on the NZD. Nuda on the calendar this week and a NZ holiday Friday should keep the cross reasonably unmoved.
Current Level: 0.4823
Resistance: 0.4855
Support: 0.4785
Last Weeks Range: 0.4808- 0.4852