NZD/USD: New Zealand PM comments and intervention confirmation by Sean Lee

Firstly there were the comments from NZ PM Key (an ex-FX trader no less) who says that the NZD/USD should be trading at 65 cents.

Then we had the RBNZ transaction report which confirmed that the NZ CB has intervened to the tune of NZD500 million + (quite a lot for them).

The NZD/USD has fallen to lows near .7710 and Mary is suggesting .7700 as an important technical level to watch.

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