NZD/USD remains under pressure; posts fresh multi-year low

  • While the Aussie bounced slightly off the lows overnight, the Kiwi is getting no rest
  • The pair posted a fresh 5-year low at 0.7115 earlier and remains offered
  • Nothing fundamental overnight, but there is talk of NZD selling into month-end from real money names
  • Next support seen at the psychological support level at 0.70

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