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NZD/USD consolidates below 0.7250

FXStreet (Córdoba) - The kiwi was unable to hold to gain again the US dollar and remains trading near 0.7200. NZD/USD bottomed at 0.7210, lowest since March, and then after Wall Street opening bell jumped to 0.7255 but quickly pulled back.

During the last hours it has remained steady hovering around 0.7220, around the level it closed yesterday.

NZD/USD outlook

The pair holds a bearsih tone in the short term, eyeing 0.7200 and below here, 2015 lows would be exposed. A break below 0.7170 would take the price to 4-year lows.

To the upside, the pair could face resistance at 0.7250 (intraday), 0.7270 (daily high) and 0.7320/25 (May 12 low).

Yen free to run lower so far by G7's - BBH

Analysts at Brown Brothers Harriman explained that the G7 finance ministers meeting ahead of the G7 summit early in June is unlikely to levy criticism against Japan for the weakness of the yen.
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TRY under pressure ahead of elections – TDS

In the view of strategists at TD Securities, the Turkish lira will remain under pressure as elections in Turkey get closer...
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