NZD/USD: the bird's recovery attempts knocked on yields, USD and Trump factor

Currently, NZD/USD is trading at 0.7090, down -0.12% on the day, having posted a daily high at 0.7146 and low at 0.7071.

Trump could influence FOMC quickly - BTMU

NZD/USD made a minor recovery in Asia with NZGB 10s +6bps, but a bid in USTs, driving the 10s from 2.26% to 2.18% then dragged Antipodean yields lower. In terms of data, the Services sector PMI expanded again in Oct, the index rising 2.1 points to 56.3, with rises recorded across all 5 sub-indices. Above its long term average of 54.1, it signals above average economic growth. The GTD price index was 4.5% and lower than the previous of 11.4% due to shrinking supply, also weighing on the the bird. 

US data

US: Strong headline and core figures in October retail sales - ING

NZD/USD levels

Spot is presently trading at 0.7090, and next resistance can be seen at 0.7099 (Monthly Low), 0.7099 (Weekly Low), 0.7099 (Daily Open), 0.7104 (Daily Classic PP) and 0.7106 (Hourly 20 EMA). Support below can be found at 0.7071 (Daily Low), 0.7070 (Yesterday's Low), 0.7065 (Daily Classic S1), 0.7030 (Daily Classic S2) and 0.7020 (Weekly Classic S1).