Kiwi bounced strongly from its Friday/Monday sell-off but is finding difficulty now sustaining above 0.8500/20. Its going to need to close above 0.8525 to avoid another sell-off.
There is a band of support around 0.8420, but initial support for today around 0.8460. Further down better support is in a band of 0.8340/70 – its a bit of a distance off but closing below there should see a retest of 0.8165
On the topside, 0.8550 should cap any move above 0.8520 today, 0.8585/0.8600 after that.
Source: Bloomberg