FXstreet.com (London) - Gold came off today around $10 as investors confidence was boosted by better than expected jobless claims. The precious metal now trades well off three week highs, and year highs for 2010, printing $1124 per troy ounce. This session Gold has continued to be buoyed, down $3 and consolidating at the current level. Kiwi has traded with strength so far this session, down 6 pips.
The Kiwi currently trades at 0.7320 against the Dollar, off 7-week highs on previous session. Pair will likely consolidate in range later this session in the absence of major macro cues. Move in sentiment, away from riskier assets has damaged higher yielding currencies such as NZD and AUD.
Should the pair move to the upside take primary resistance as 0.7340 (resistance previous session), and for primary support at 0.7310 (previous session low).