Downward momentum in the NZD/USD resumed overnight. It slipped from early evening highs close to 0.8320 to trade at 0.8240 this morning. After the sharp falls at the end of last week, the NZD/USD actually started the week on a fairly stable footing. However, overnight in relatively quiet markets, it drifted lower. With the NZD/USD sitting around 0.8240 this morning, we continue to believe key support in the 0.8160-0.8200 region should hold.
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