• The antipodeans were cautiously higher on Tuesday, though the market lacked inspiration following underwhelming economic data out of China on Monday
  
  
• USD/NZD hovered around 0.68, extending range trade, in the absence of fresh drivers
  
  
• The pair remained in consolidation mode after a recent rally from $0.6235 to $0.6897 ran out of steam
  
  
• The kiwi's recent upbeat performance has in part been driven by a stabilisation in dairy prices, which recently rebounded from 12-year lows
  
  
• Expectations that the RBNZ will hold rates steady next week, pausing after three straight cuts, have also helped stabilise the Kiwi
  
  
• NZD/USD is currently trading at 0.6808, day's range 0.6815/0.6783, with immediate resistance at 0.6820 (Oct 19 high) and support at 0.6781 (Oct 19 low)
  
  
• Markets await key GDT auction which could provide some direction
  
  

Resistance Levels:

R1: 0.6820 (Oct 19 high)

R2: 0.6897 (Daily Highs Oct 15/16)

R3: 0.6916 (Daily High Jun 26)

Support Levels:

S1: 0.6781(Oct 19 low)

S2: 0.6712 (10 DMA)

S3: 0.6629 (100 DMA)