The NZD/USD gathered momentum on Monday and overnight, having opened at the start of the week at 0.6634. The pair edged higher towards 0.6679 as the US dollar came under pressure on the back of the midterm election in the US. It has tracked the AUD/USD higher as well.
There is no local data due, but with the US midterm congressional elections approaching, it could still be a volatile next 24 hours for NZD/USD. Tonight, we will have the unemployment rate for the 3rd quarter. Additionally, on Wednesday afternoon, the Reserve Bank of New Zealand will announce the cash rate, which is expected at 1.75%, (the same as the previous announcement).
The technical levels to consider for today in the NZD/USD are 0.6607 on the downside and 0.6727 on the upside.