NZD/USD: BREAKING UP:
Kiwi broke the psychological 0.70 number amid a positive ‘risk’ session. The GDT auction lifted and kiwi continues to look like its heading for resistance near 0.72.
Expected range: 0.6980 – 0.7110
NZD/JPY: RISK ON:
NZD continues to rally pushing this cross higher as markets also push JPY lower in the classic ‘risk on’.
Expected range: 76.00 – 78.00