Korea, Republic of Producer Price Index Growth (YoY) increased to -0.3% in April from previous -0.5%

FXStreet.com (Barcelona)

May 20, 2014

NZD/USD approaching 0.86 support

NZD/USD is getting into close contact to test bids at 0.86, with the latest slide driven by sales in AUD/USD, which saw stops taken out ahead of the RBA minutes release, which as anticipated, turned out to be a non-event.

AUD/USD: Break below 0.93 exposes 0.9250/60

AUD/USD is having difficulties to bounce off lows, with sellers pressuring the rate for a break of 0.93, a development which if eventuates, would be technically damaging for the interest of Aussie longs.