NZD/USD is on the backfoot, 0.7140 key support - ANZ

Analysts at ANZ noted that NZD/USD is on the backfoot.

Key Quotes:

"Even with an upside surprise in US CPI figures, the USD remains on the back foot. While the NZD didn’t participate in the general rally seen in other G10 currencies on Friday night – perhaps reflecting how far it has already come since mid-December – the bias still seems higher. That said, it should be a quiet start to the week with the US out for a holiday.

Support 0.7140 Resistance 0.7340."