The New Zealand dollar has declined against the US dollar from 0.7052 level last Friday (Aug. 29) to 0.6997 level this morning. The 20-day moving average seems to be a strong intermediate resistance for the currency pair.
Likewise, the kiwi eased against the euro and yen; but, was up against the Australian dollar.
The kiwi went down from 0.4780 euro last week to 0.4764 euro during the New Zealand market opening, and was also down to 75.94 yen from 76.85 yen. However, against the aussie, the kiwi was trading at 0.8170 level from 0.8145 level.
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