NZD/USD holding above 0.6700 for the time being

• Kiwi opens thin for the new week, seeing limited bids into 0.6725.
• Market risk sentiment remains skewed towards the downside as political tensions throw investors for a loop.

NZD/USD  is seeing cautious upside for Monday's open, pushing upwards from the 0.6700 handle to challenge 0.6730, though market volumes will be remaining restrained with nothing of note on the economic calendar, and Japanese markets on holiday for the Emperor's Birthday, with the Christmas shutdown waiting on Tuesday.

Last week saw the Kiwi slide from 0.6880 to a new low of 0.6705, and Monday action is only seeing limited upside, with near-term resistance priced in at 0.6730 with further resistance from the previous week's open near 0.6780, and as broader market concerns continue to see risk appetite lagging, the NZD is unlikely to find much bullish momentum heading into the new year.

NZD/USD Technical Levels