NZD/USD: consolidated after the RBNZ's Financial Stability Report

Currently, NZD/USD is trading at 0.7129, up 0.03% on the day, having posted a daily high at 0.7134 and low at 0.7123.

NZD/USD is little change on the RBNZ Financial Stability Report reviewed - ANZ, but overall, analysts at Westpac explained that the NZD score has firmed this week thanks to a higher technical score (improved momentum and a strong bounce off the solid 0.70 base) and a higher macro score. 

RBNZ's Wheeler: Seeing quite encouraging drop in value of housing loan commitments

"The week ahead for NZ sees updates on business confidence, the housing market, construction, trade, and dairy prices which overall should keep the positive NZ story alive. With the US dollar consolidating, that story can now be expressed via a higher NZD/USD in the week ahead. Buy NZD/USD at 0.7035, stop 0.6935," - Westpac.

Previously on the day, overnight in the US, the data was positive ahead of this week's showdown in the nonfarm payrolls results ahead of the FOMC meeting mid Dec where markets are still pricng in a 100% chance of a Fed hike.  Wall Street finishing higher against healthy U.S. data backdrop

NZD/USD levels

Current price is 0.7130, with resistance ahead at 0.7134 (Daily High), 0.7134 (Yesterday's High), 0.7140 (Daily Classic R2), 0.7151 (Weekly Classic R2) and 0.7176 (Daily Classic R3). Next support to the downside can be found at 0.7125 (Daily Open), 0.7123 (Daily Low), 0.7107 (Daily 20 SMA), 0.7105 (Hourly 20 EMA) and 0.7105 (Daily Classic R1).