The New Zealand dollar was the laggard over the past week while the US dollar was the leader.

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It was the worst week for the New Zealand dollar since August 2013. It is the sixth consecutive week of declines and 10 of the past 11 weeks have been lower.

0.8000 and 0.8050 were big levels that barely provided any support after Wheeler re-iterated threats to intervene.

NZDUSD weekly

NZDUSD weekly