The Kiwi dollar is trading on a negative note today, sending NZD/USD to challenge the critical support at 0.6900 the figure. NZD/USD retreats from YTD peaks After hitting fresh multi-month highs around 0.6970 on Wednesday (last seen in id-June 2015), spot has surrendered part of those gains and has returned to the 0.6900 neighbourhood early in the European morning. A continuation of USD weakness remains the exclusive driver behind the pair’s recent upside, along with a better tone in the commodity-space. NZD/USD relevant levels As of writing the pair is losing 0.27% at 0.6902 facing the next hurdle at 0.6964 (2016 high Mar.30) ahead of 0.7234 (monthly high Jun.10 2015) and finally 0.7631 (monthly high May.1 2015). On the other hand, a breach of 0.6754 (20-day sma) would expose 0.6667 (low Mar.28) and finally 0.6612 (200-day sma). For more information, read our latest forex news.