As Mike Jones put it, Currency Strategist at BNZ: “the 0.8145-0.8250 range remains firmly intact. Notably, one-month NZD/USD implied volatility has now fallen to 15-year lows, suggesting (options) traders don’t expect recent ranges to break before Christmas,” the analyst says. Local share markets show a negative tone overall, with Nikkei index lower by -0.48%.
Immediate support to the downside for NZD/USD lies at yesterday's lows 0.8190, followed by Thursday's highs at 0.8166, and past Wednesday's lows at 0.8110. To the upside, nearest term resistance shows at recent session highs/Monday lows 0.8214, followed by yesterday's highs at 0.8239, and Friday's highs at 0.8251.