SYDNEY: The Australian and New Zealand dollars were carrying losses for the week on Friday after repeated failures to breach resistance left the market in a bearish mood. The Aussie was down 0.9% for the week at $0.7289, having touched a three-week low at $0.7274 overnight. The next major support level is $0.7222, while resistance lies at $0.7348 and $0.7408.
The kiwi dollar was off 0.8% for the week at $0.7070, having repeatedly failed to clear resistance in the $0.7140/50 area despite a run of strong economic news. Immediate support comes in at $0.7060 and $0.7020.
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