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NZD/USD has dropped 46 pips thus far and.......>

KIWI
KIWI: NZD/USD has dropped 46 pips thus far and last deals at $0.6812, pressured
by broader risk off flows. 
- Initial support noted at Jul 10/Jun 31 low of $0.6806/01, with any clean break
below $0.6800 opening up $0.6709, which represents the 50-DMA. Conversely,
initial resistance is located at the 200-DMA/21-DMA at $0.6846/52, followed by
yesterday's high at $0.6880. 
- NZ focus next week turns to ANZ biz. conf. due Tuesday, followed by GDP &
trade balance figures due Thursday.

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