NZD/USD drifting towards the downside in thin Thursday markets

• Quiet Asian markets for Thursday see the NZD/USD quietly flubbing recent bullish moves.
• The next meaningful economic data for the Kiwi won’t be until next Monday, with quarterly Retail Sales dropping to kick next week off.

The NZD/USD pairing is seeing action lean into the bearish end amidst thinned-out Thursday trading, with constrained volumes, an empty Pacific-Asian economic calendar, and US markets set to remain shuttered for the New York window for Thanksgiving.

The Kiwi major pair is getting constrained about the 0.6820 region in thin Thursday markets, after Wednesday’s bullish lift failed to spark a meaningful continuation, and the NZD/USD remains knocking into bearish territory and is set to make a renewed challenge of the week’s bottom near 0.6780.

With the US markets dark this Thursday for the US Thanksgiving holiday, money markets are set to remain tight on the Antipodeans, and with the Kiwi lacking internal bullish momentum, US Dollar flows that have been the only saving grace of the NZD/USD recently will be absent heading into the tail-end of the week.

NZD/USD Technical Levels