Australian and New Zealand dollars under pressure

The Australian and New Zealand dollars nursed heavy losses on Thursday, amid rising fears Italy's woes could push for a break-up of the eurozone and spark global financial turmoil. The Aussie dived as deep as a one-month low of $1.0108, down more than 2 cents in 24 hours, after Italian bond yields spiked to 7.5 percent, a level deemed unsustainable.
Solid Australian jobs and Chinese trade data helped stop the rout for now and nudged the Aussie up to $1.0142 in late trade. Initial support for the Aussie is found at $1.0110-18, ahead of $1.0072, the 50 percent of the $0.9389-$1.0752 move, with rallies initially capped at around $1.0200. The New Zealand dollar , which has tumbled more than 2 percent over the past day, languished near a one-month low at $0.7790, against a New York close around $0.7820.