FXstreet.com (London) - Gold lost around $12 in the previous session from highs of $1100. In Asia today the slide has continued, bullion heading south, down $3 on the open. Chinas liquidity tightening measures and Obamas crack-down on banks have shaken the market recently and continue as the main theme in markets.
The Kiwi currently trades at 0.7066 against the Dollar, up just seven pips and refusing to follow gold south. Pair will likely continue to trade in range later this session in the absence of major macro cues. AUD has traded slightly weaker down just 5 pips this session.
Should the Kiwi pair continue to move to upside take primary resistance as 0.7090 (upper bound previous Asian session range), and for primary support at 0.7030 (US session low).