The NZD begins this morning unchanged from where it was24-hours ago, just above the 0.8300 level.The AUD and NZD staged promising rallies during ourevening, but mostly gave these up in the early hours of thismorning. The NZD/USD continues to remain wedgedbetween short-term resistance at 0.8380 and support at0.8280. It has held in this range since early last week, andlooks to be fairly directionless. The imminent release of USFed Minutes has potential to test these parameters if theycontain any surprises. Alternatively the release of ChinesePMI numbers due out today (2.45pm NZT) could provoke abreak in one direction.
Read the full report: FX Daily
BNZ