The NZD had underperformed its major peers over thepast 24-hours to sit at 0.8540 this morning.The NZD/USD paddled sideways yesterday during a quietday on the domestic data front. Then, overnight, as globalrisk appetite remained fairly subdued the NZD subsidedalong with the AUD. At 0.8540 the NZD/USD is now at thelower-end of its six week trading range. Key support isnow eyed around 0.8500-0.8510.
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