[NZD/USD]

)[NZD/USD] rose to the day's high of 0.5748 during the Asian session but its stellar run came to an abrupt...
[NZD/USD] rose to the day's high of 0.5748 during the Asian session but its stellar run came to an abrupt halt during the o/n session with the big drop coming in during late NY trade as it fell to an o/n low of 0.5640. The pair open this morning a tad lower from its o/n low at 0.5620 as global risk appetite once again deserted the New Zealand dollar bulls. The release of Westpac NZ consumer confidence data at 1.00 GMT could see more downside emerge in Asia today. However the main focus for market players will be tomorrows December quarter current account which is expected to see a further blow out in the deficit. Buying orders at 0.5580 by NZ exporters will protect the downside and selling orders at 0.5680 by a UK Clearer will keep the range ahead of the data.