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NZD/USD: confined to reasonably tight ranges - ANZ

Analysts at ANZ explained that the NZD/USD remains confined to reasonably tight ranges, which is a picture we don’t see changing today.

Key Quotes:

"With holidays in both the UK and US, it was a reasonably quiet session for kiwi overnight."

"But even so, the NZD has been in somewhat tight ranges for a while now anyway as overall market jitters cap the upside and reasonable underlying demand provides support."

"We don’t see that picture changing today."

"Support 0.6880 Resistance 0.6980."

Market wrap: leaders of 5 Star and League pledged to block Cottarelli - Westpac

Analysts at Westpac offered a market wrap.  Key Quotes: "EUR/USD reacted positively in Sydney trade to Italian president Mattarella’s rejection of a
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AUD/USD struggling to stay near 0.7550 as bears continue to hamper buying efforts

The AUD/USD is trading just beneath 0.7560 heading through the overnight session after a flat Monday that saw little movement from last week's close.
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