Kiwi sold off earlier today as New Zealand jobs report came in weaker than expected. The country's labour market is in a pretty good shape still, the minor pullback in Employment Change came after six quarters of expansion.
As commitments of traders report shows, speculators have grown longs to a record level. Some of those who traded the break above 0.74 would probably want to reassess their positions. 0.7375 could be the first stronger support.
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