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NZD/USD - NZD struggling to bounce with AUD under concerted selling pressure

  • NZD from 0.7535 to sub-figure post China trade report, sits 0.7484/86

  • Weaker than expected outcome drew dormant NZD sellers off sidelines

  • Prior focus was on AUD as profit takers booked outperformance

  • World bank trims China growth f/c 0.1% to 7.1% in 2015, 7.0% in 2016

  • Major support at 0.7457 and resistance at 0.7540

 

  • Market Data
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