The US session is here, and USD is still quite strong despite some pop up on gold and silver. We are still focused on S&P Futures count, where the move from a top is only in three waves with key support/bounce zone comes in at 1345/50 area.
Expect a impulse higher here, which will be a catalyst for higher majors, particularly commodity currencies which should wake up very soon.
From a trading perspective, we are keep an eye on Nzd/Usd triangle for possible long, in-line with the S&P Futures expectations.
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The New Zealand dollar is influenced from commodity prices around the world and especially of agricultural goods (such as milk) in South East Asia. In addition, it is a “risk currency” – bad news from Greece hurt it and good news strengthen it against the US dollar.