FXstreet.com (Sydney) – The NZD regained losses against the dollar and is currently trading at 0.7044. The Kiwi had earlier opened on 0.7019 and had been as high as 0.7049. The pair finds support at 0.7019, resistance at 0.7072 and is considered slightly bullish.
The NZD benefited originally from the return of risk appetite. However, the Kiwi may fall as caution returned to the markets. There are fears that China may tighten fiscal policy in response to a jump in consumer prices to 2.7% during February. Minutes from the latest RBA meeting also indicate that it is unlikely that rates will be lifted in Australia once again in April
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