Daily FX Wrap and Strategy

Back from the brink’ has been the story of the NZD over the past 24 hours. Support levels were tested, and held. The escalation of Syrian tensions and further pressure on emerging market currencies kept the NZD on the back foot for most of the past 24 hours. The NZD/USD slipped from 0.7800 to almost 0.7745 and NZD/JPY, NZD/CHF, NZD/EUR, and NZD/GBP were all jammed below important
support levels.