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NZD/USD under pressure in early Asia

FXStreet (Bali) - NZD/USD is breaking lower ahead of Tokyo, with the rate being paid as cheap as 0.7825/30.

A recent downbeat Fonterra dairy auction (main factor driving negative NZD sentiment) coupled with negative NZ PPI figures earlier in Asia, are all weighing in the Kiwi at present.

Jim Langlands, Founder at FXCharts, notes: "If/when the Kiwi does break 0.7800, look for a bids at 0.7780 (61.8% of 0.7660/0.7974) and eventually a run to 0.7700. The topside will find sellers at 0.7890 and then at the 100 HMA at 0.7900. I doubt that we are headed up here today, but if wrong look for a run back to 0.7925 and then possibly to 0.7940."

AUD/JPY turning back towards hourly 100SMA

AUD/JPY is trading at 101.64, having posted a daily high at 101.84 and low at 101.55.
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