The NZD limped lower on Friday night to end the weekaround 0.7870. After the previous day’s dramatic moves following the RBNZ’s currency ‘speech’, Friday’s moves were more of aninjured hobble lower. Some support was found on Saturdaymorning, holding the NZD/USD’s losses to 0.7870.Still,there appears little in the way of technical support ahead ofthe 0.7800 level. Resistance will likely be encountered onany bounces toward 0.7970.
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