The commodity currency will have a sleepy week this week. Not much in the way of economic news and the currency will react along with all currencies to the fall of the euro.

NZD/USD
NZD/USD Fundamental Analysis January 17, 2012 Forecast

NZD/USD Fundamental Analysis January 17, 2012 Forecast

Economic Events:

None

Today the The New Zealand Dollar was lower against the U.S. Dollar with US markets closed

NZD/USD was trading at 0.7932, down 0.19% at time of writing.

The pair was likely to find support at 0.7866, Friday's low, and resistance at 0.7981, Thursday's high.

The New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD falling slightly by 0.30% to hit 1.2960 and EUR/NZD is falling as expected by 0.05% to hit 1.5945.