NZD/USD slips below 0.6800 as the Greenback returns across the board

• Kiwi takes a header as every factor possible comes up bearish.
• With global commodities and equity risk appetite withering, the Kiwi sees itself getting flushed.

The NZD/USD is trading near 0.6785 heading through Wednesday’s early overnight session, continuing Tuesday’s decline as broader markets reversed direction and began piling back into the US Dollar.

The Kiwi is drastically under-represented  on the economic calendar for the remainder of the trading week, and only low-tier annualized Credit Card Spending for October will be on the docket for Wednesday, dropping with little expected impact at 02:00 GMT.

Coupled with a broad-market resurgence of the Greenback, the Global Dairy Trade auction clocked in a record 12th straight decline in average closing prices, applying downside pressure to the Kiwi, and with commodity exposure already running high for the NZD, a continued decline in oil prices did little to help the NZD/USD.

NZD/USD Technical Levels