The New Zealand dollar recovers thanks to an uptick in overall risk appetite. After the pair cleared the August high of 0.6460, sentiment favours the kiwi as it goes into a consolidation mode. A bounce off 0.6230 indicates that buyers have stepped in and a close above 0.6330 has prompted short-term sellers to cover their bets. 0.6300 has become a fresh support. The support-turned-resistance at 0.6400 is a major obstacle and its breach could help the bulls regain control and extend the rally beyond 0.6500 eventually.
