The NZD traded a relatively tight range over the past 24-hours, to sit at 0.8640 this morning.After the previous days’ sharp falls the NZD/USD easedinto a steady range of trading yesterday. There was littleon the domestic data agenda. Even heavy selling of theNZD/AUD, following the strong AU employment report,(see Majors) was unable to throw the NZD/USD offcourse. Finding its composure around the 0.8640 levelyesterday morning it has dabbled around this level since.The RBNZ will likely be disappointed the resilient NZD didnot extend losses that ensued post the mention of‘intervention’.
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