FXstreet.com (London) - Gold moved up when Asian session opened up, gaining around $4. Bullion is moving in and out of favour as investors swing between rosier and safer assets. Bad results for major US firms saw investor move toward safe haven assets. Gold trade just up this session, trading at $1137.70.
The Kiwi currently trades at 0.7401 against the Dollar, trending marginally upwards from the open and gaining 6 pips. Pair will likely consolidate in range later this session in the absence of major macro cues. Both AUD and NZD have imitated early gold gains, as Friday Dollar strength seems to have weakened a little over the holiday.
Should the pair move continue to move to the upside take primary resistance as 0.7425 (strong consolidation 14 Jan), and for primary support at 0.7385.