FXstreet.com (London) - Kiwi has slipped 10 pips since the open in Asian trading today. NZD/USD shows strong correlation to the Aussie Dollar and as such Gold prices. With gold dropping today, this move is in line with relationship.
The Kiwi currently trades at 0.7150 against the Dollar, off nearly 10 pips. Pair will likely consolidate into the session, with little in way of cues. Investor have show reluctance to introduce new flows to market before the New Year, especially with the potential volatility of a four-day weekend ahead.
In the case of a continuing downtrend we take 0.7136 (Session Low) , and for resistance on the upside, 0.7187 (support zone).