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NZDJPY Poised for Downtrend as Resistance Holds Firm 
Antipodeans were dumped with the New Zealand dollar, the biggest loser, after the NZ treasury downgraded GDP forecasts in the June quarter on softening domestic demand.
- China's economic slowdown worries also collaborated with the falling oil prices, dragging NZD lower
- A survey showed New Zealand business sentiment dropping to six-year lows in August on the back of tumbling global dairy prices, further blow to the Kiwi
- The New Zealand dollar is down -0.56% against the USD, trading at 0.6422, day's high was at 0.6466, and lows were at 0.6407
- The kiwi also fell against AUD and the euro with the trade-weighted index off 0.7 percent at 69.4, its lowest in nearly a month
- Immediate resistance for NZD/USD is seen at 0.6452 (Daily Tenkan-Sen), while support on the downside is located at 0.6407 (Session lows Aug 31st)
- Markets cautious as they await the key US NFP report which may influence the Fed decision due in the next two weeks.
