• Comments by Fed's Lockhart overnight drove the greenback higher across the board
  
  
• GlobalTradeDairy auctions were 9.3% lower, taking the level of dairy prices to around 12 year lows
  
  
• Soft NZ jobs data which leaves door open for further rate cuts and poor dairy auctions weigh further on NZD
  
  
• NZD/USD downside looks vulnerable, the pair is currently trading at 0.6522 with a high 0.6548 and a low of 0.6517
  
  
• The main event now for the pair will come in the form of the Nonfarm Payrolls numbers due Friday
  
  
• Next hurdle is seen at 0.6600 (psychological resistance) ahead of 0.6680, while supports on the downside lie at 0.6504 (July 20 low) and then at 0.6497 (Lows Jul 16)