The NZD/USD crept toward 0.8130 overnight, before strong demand for the USD early this morning saw the NZD knocked lower. Yesterday the NZD/USD found support at the key 0.8060 level, moving higher over the course of the evening. However, early this morning, positive US data releases resulted in broad USD strength. Although this saw the NZD gap lower, it soon found its feet again. The NZD/USD trades around 0.8100 currently. Broad USD sentiment will continue to be the key driver of the NZD/USD at present.
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