Forex: NZD/USD hardly above 0.82 figure (Barcelona) - Volatility is at its lowest in many years for most currencies, and Kiwi is not an exception, with around 50 pips per daily range on average for last 14 trading days. NZD/USD is currently trading at 0.8207 off weekly lows at 0.8190, down -0.34% so far for the week.

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.

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