[NZD/USD]

[NZD/USD] retreated back to the 0.5690/95 level after reaching an initial intraday high around the 0.5710. However, strong buying from that level from a European and Swiss name saw the pair breaking through resistance at the 0.5773 level to a fresh intraday high of 0.5774 filling selling orders at the 0.5735 level. The primary driver for the pair's rise was heavy selling in the Aud/Nzd by German, UK Clearer and US Prime which saw the cross tumbled from an earlier high of 1.2320 to intraday low around the 1.2140 level in reaction to the big move in the debt market.