FXstreet.com (London) - Kiwi was dragged to the downside in Asian trading today by the Aussie. NZD often follows AUD due to lack of local data. Smaller more exotic currency tend to look to cues from the larger world economies.
NZD was down 34 pips from the open against the Dollar today, trading at 0.7178, but has began to consolidate between 0.7175 and 0.7181.
We see resistance at 0.7218 (Session High) and 0.7261 (strong consolidation zone before Dollar flew yesterday), and support on the downside at 0.7144 (consolidation zone for Dec 7). The pair will be looking for indications on economic growth in the US, ahead of FED announcement and CPI figures today.