The largest mover on the FX market, in percentage terms, over the past day has been EUR/NZD, falling about 1%.
The decline follows two-days of gains that were unable to pierce 1.5900/07.
In the shorter-term, support rests at 1.5739, which is the 50% retracement of the rally that began late last week. Beyond that, the 61.8% retracement is at 1.5701.
Overall, the downside looks a bit more enticing but only on a break of today’s 1.5750 low.