FXstreet.com (Barcelona) - New Zealand Dollar's recovery from 0.7025 low on Friday has been rejected at 0.7220 high ahead of the European opening, and the pair dropped, on the back of negative stock markets, to levels around 0.7130.

On the downside, initial support level lies at 0.7120/25 (intra-day low), and below here, 0.7070/85 and then 0.7025 (Nov 27 low).

On the upside a potential recovery from current levels could meet resistance at 0.7210/20 session high, and above here, 0.7270/80 (Nov 2/6 high) and 0.7330 (Nov 25 high).