The New Zealand Dollar is little changed this morning when valued against the U.S. Dollar. The Greenback has continued to push higher overnight helped by better than expected US data. ADP survey showed that the private sector added 227K new jobs in October, largely surpassing the 189K expected.
On the data front yesterday seasonally, adjusted number of new dwellings fell 1.5 percent compared with August 2018, following a 6.8 percent rise in August, and a 9.7 percent fall in July. There are no scheduled releases for today.
From a technical perspective, the NZD/USD pair is currently trading at 0.6515. We continue to expect support to hold on moves approaching 0.6500 while now any upward push will likely meet resistance around 0.6560.