NZD/USD: remains firm in bullish territory on 0.71 handle

Currently, NZD/USD is trading at 0.7139, up 0.00% on the day, having posted a daily high at 0.7142 and low at 0.7134.

NZD/USD drifted higher in overnight markets while the dollar remained subdued attempting only a minor recovery. The bird was capped at 0.7144 while the DXY remained below the 97 handle. The 10-year yields were still below water creeping higher between 2.1522% - 2.1869%. 

US yields higher by year end regardless of Fed? - ANZ

The docket for the bird is quiet today with only the ANZ commodity price on the cards while the RBA will take up the focus in Asia instead before the GDT price index. The week ahead does pick up with a number of key events in the UK elections and Comey.

NZD/USD levels

The price moved higher on dollar weakness into key bullish territory on the 0.71 handle and the highest levels since 1st March business. NZD/USD may well find a base on the 0.71 handle with eyes set on a break of the 0.72 handle and 0.7250 a key target. To the downside, with a break below the 0.71 handle, 0.7050 is pivotal guarding 0.7005.