The NZD has eased off its highs, but remains within strikingdistance of the psychologically important 0.80 level. NZD/USD is 0.4% weaker for the day at 0.7940.That 0.80 level withstood multiple attempts to break itthroughout our session yesterday. There is clearly stronginterest to sell just under the figure, which is trumpingtraders look for a break, for now. If that level is breached,we might expect stop-loss selling to extend NZD’s gainsthrough to 0.8050, which is another important resistancelevel.
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