- NZD support levels held yesterday with the EUR/NZD bearish resistance line, a short-term AUD/NZD Fibo retracement and major NZD/USD support all holding after exacting tests;
- The AUD got a boost after decent housing and business conditions data but all local banks are reporting sell-rally interest in AUD/USD particularly.
The NZD/USD will probably struggle to break above .8450 intraday and support will again be strong near .8410. Much will depend as always on what happens in the AUD/NZD cross.
AUD/USD order books are firm both sides, with bids at .9230 and offers .9290/00, and this range will hold today in Asia barring unexpected announcements.