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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.
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.