January trades continue to unwind
NZD/USD caught a 30 pip bid in the past few minutes to a session high of 0.6557.
There is little news on the wires so it's all about flows and it's one of the thinnest times of the day in those pairs. The South China Morning Post reports that house prices in China rose 4.37% in the 100 biggest cities, the fast pace since August.
The move looks to be technical as it extended after Friday's high of 0.6545 gave way.
Keep an eye on 0.6559. That's the late-January high.
