The NZD/USD has slipped to 0.8380 this morning. It spent most of yesterday afternoon flirting with the 0.8400 level that had marked the low on the currency since March this year. In the early hours of this morning, after a hawkish tilt to US Fed Minutes spurred broad USD strength, the NZD/USD has slipped to 0.8380. The NZD/USD appears to still be clinging on for dear-life, but a convincing break of this level would open the way for the next leg down. We continue to target 0.8000 by year-end
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