Kiwi bulls were unimpressed after NZ Q3 GDP data on Thursday came in only slightly ahead of forecast, pressure remains on the back of commodity sell-off, and as investor risk appetite returned boosting USD
is biased lower, daily Stochs have showed crossover and rolled back from overbought levels.
The pair is hovering around 10-DMA at 0.6728, breaks below will expose next support by daily Tenkan at 0.6702 and then 0.6680/70 (38.2% Fib retrace of Nov-Dec rally/ support).
Resistance on the upside is at 0.6865 ( ), bullishness can be seen only on breaks above 200 DMA at 0.6872.
We would sell rallies around 0.6750, SL: 0.68, TP: 0.6670/80