FX:NZDUSD   New Zealand Dollar / U.S. Dollar
57 0 1
nzusd is showing clear signs of breaking through a big support level at .7700. I think the NFP tomorrow will provide the catalysist for it to move lower. The RBNZ has been intervening to weaken the currency and have removed their tightening bias out of their last rate statement. A further decline in commodity prices will pressure the kiwi and data from the US economy continues to outperform the rest of the world. I expect to see USD continue its bull trend. 0.7500 will be hit by sometime next week im guessing.
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