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    NZD/USD declines further below 0.7200

    NZD/USD continued to decline during the American session and printed fresh lows amid risk aversion. The pair reached a new daily low at 0.7142, extending to almost a hundred pips the decline from yesterday’s highs. On Monday it climbed to 0.7240, hitting the strongest level in a week, after erasing most of the post-Brexit referendum losses.USD stronger in the marketThe pair remains near the lows, under 0.7150 with the US dollar keeping a strong tone in the market as equity prices reached new lows. Main stock indexes in Wall Street are falling around 0.80%, moving with a clear bearish bias for the day.The kiwi is among the worst performers so far during the American session. Greenback is higher against commodity currencies and the kiwi weakened particularity after a decline int he GDT price index of 0.4% at today’s auction.NZD/USD technical levelsTo the downside, support levels might be located at 0.7140/45 (June 30 high / daily low), 0.7095/7100 and 0.7055 (June 30 low). On the opposite direction, resistance could be located at 0.7190 (20-hour moving average), 0.7220 (European session high) and 0.7240 (July 4 high).


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