FXstreet.com (Sydney) - The Kiwi fell under 0.7300 against the USD and is trading at 0.7298. The pair opened at 0.7308 but has since continued to fall in line with falling commodity prices during the offshore session and the AUD. The pair posted an intraday low of 0.7253 but has since recovered some losses. The NZD/USD is considered strongly bullish and finds support at 0.7273 and resistance at 0.7329.
The Kiwi's fall reflected risk aversion seen in global trends. As reported in the NZ Herald, Sentiment has been driven out of equity markets, said Mike Jones of BNZ Capital.