FXstreet.com (Barcelona) - NZD/USD is currently at 0.8339, a -1.43% lower for the week, and finding some support around previous highs from September. The pair has erased practically all past week gains, printing recent weekly lows at 0.8317 in early Thursday NY trade, right at the level Kiwi started last week, being that week's lows at the same time.

Slower GDP growth than previously expected, with 3 descending quarters in a row, last at +0.2% when consensus expectation was for a +0.4% increased, is weighing on the pair. Some analysts now are calling for a rate hike from RBNZ later than anticipated, probably by Dec next year meeting, instead of Sept, market sources say. Yesterday's last Fonterra auction had a positive result, though milk powder, most traded product by size, fell for fourth time in a row. Kiwi keeps being weakest currency among majors in last 2 days, and second one behind Yen in last week.

Immediate support to he downside for NZD/USD lies at recent Thursday's and week lows 0.8317, followed by Nov 07 highs at 0.8309, and Oct 05/Nov 29 highs at 0.8266/7. To the upside, closest resistance shows at yesterday's high 0.8367, followed by past Friday's lows at 0.8393, and Monday's lows at 0.8424.