FXstreet.com (Sydney) - The Kiwi is maintaining 2-week lows against the USD and is trading at 0.7276. The pair opened at 0.7232 but has since climbed slightly. The pair posted an intraday high of 0.7277 and has since traded in a narrow range. The NZD/USD is considered slightly bullish and finds support at 0.7233 and resistance at 0.7295.
Andrew Wilkinson, a senior analyst with Interactive Brokers in Greenwich, Connecticut, said that investors may be concerned over recent market rallies and that stocks may have come too far too soon. And for safety's sake, they are holding onto their dollars as well.