Brief remarks via Kiwi Bank in New Zealand on the New Zealand dollar wee ahead:
- We see the NZD supported on the downside to 0.6250 now, with lower levels from there requiring a break of the key 0.6238 technical level. While we have some support at 0.6400 with 0.6370 as the first level of downside support, the trend certainly appears to be lower for now.
- In terms of the upside, for now we see NZDUSD capped at 0.6550/0.6600.
NZD/USD weekly candles:
