FXstreet.com (Sydney) - The Kiwi is currently trading at 0.7327 which was the price it opened at. The ZND posted an intraday high of 0.7345 findinf support at 0.7287 and resistance at 0.7342. Outlook for the pair remains slightly bearish.

Overnight, the USD gained against major currencies as risk aversion returned. Commodities fell though energy stocks suffered most. Concerns also grew on the slow recovery of the US economy after it posted a yearly deficit of USD 1.42 trillion. Meanwhile in New Zealand, consumer spending grew by a modest 0.1% following five quarters of decline.

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