But it couldn’t fly anyway….
Having seen earlier 6 month lows of 0.7627 the poor old bird is continuing to struggle, despite some strong buying from a major Swiss name and some proprietary accounts., which rallied the pair to 0.7643
A sovereign interest has been seen on the sell side which is keeping NZD/USD heavy after the Fitch and S&P downgrades last night and kiwi is hovering on fresh lows around 0.7622.
A break down through 0.7580/85 (March 31 lows) opens a possibility of 0.7500
