GDT Price Index drops 1.2% in the latest auction. Risk aversion continues to dominate the price action. US Dollar Index sticks to daily gains, stays below 95. On Tuesday, the NZD/USD pair broke below the 0.69 mark to refresh its lowest level since late May and failed to stage a recovery afterward. As of writing, the pair was trading at 0.6895, losing 0.65% on the day. Earlier in the session, the GDT price index in New Zealand dropped by 1.2% in the bi-weekly auction following the 1.3% reduction seen in the previous auction, making it difficult for the kiwi to retrace its losses against the greenback. Furthermore, the risk-sensitive NZD faces further selling pressure in the risk-off environment on Tuesday. Commenting on the market sentiment, “the NZD/JPY, which tends to decline when risk aversion permeates the markets, gave back half of the gains achieved in recent weeks, and the lofty 80.00-ish figure seems now toast,” writes Gonçalo Moreira, research expert at FXStreet. On the other hand, following the mixed macroeconomic data releases from the United States, the US Dollar Index failed to push above the critical 95 mark. Nonetheless, the index remains on track to close the day higher as it consolidates in the 94.70/80 region. Technical levels to consider The immediate support for the pair aligns at 0.6850 (May 16 low) ahead of 0.6800 (psychological level) and 0.6775 (Nov. 17 low). On the upside, resistances could be seen at 0.6940 (Jun. 19 high), 0.6990/0.7000 (50-DMA/psychological level) and 0.7060 (Jun. 6 high). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Atlanta Fed: GDP growth forecast for Q2 stands at 4.7% FX Street 5 years GDT Price Index drops 1.2% in the latest auction. Risk aversion continues to dominate the price action. US Dollar Index sticks to daily gains, stays below 95. On Tuesday, the NZD/USD pair broke below the 0.69 mark to refresh its lowest level since late May and failed to stage a recovery afterward. As of writing, the pair was trading at 0.6895, losing 0.65% on the day. Earlier in the session, the GDT price index in New Zealand dropped by 1.2% in the bi-weekly auction following the 1.3% reduction seen in the previous auction, making it difficult for the kiwi to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.