- The NZD / USD failed to stay in positive territory and undertook a pullback.
- Rise in Treasury yields and US prospects continue to support the dollar.
The NZD / USD extended the intraday retracement in European hours and fell to 0.7104, reaching a new low for the day, near Friday’s low at 0.7097.
The pair was unable to capitalize on Friday’s rebound. At the start of the week it reached 0.7190, from where the decline began. The combination of a decline in stocks and a stronger dollar lagged behind the changes in the intraday trend.
The weekend was approved in the Senate of EE.UU. the $ 1.9 trillion pandemic aid package. On Tuesday it is expected to vote in the House of Representatives and become law.
The handbags they are falling modestly. The negative climate is due to concerns about the impact of rising yields, an overheated economy and an expected correction. This weighs on the NZD / USD, which if confirmed below 0.7100 would sustain the weakness. With no economic impact data on Monday, attention will continue to bonds and Wall Street.
Technical levels
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