Technical Analysis

NZD/USD falls below 200-day moving average, nears Feb low

New Zealand dollar sinks

Keep an eye on the New Zealand dollar today as it nears the February low.

The 200-day moving average hasn’t been particularly consequential in the past five months but a break below the February low of 0.6720 and the late-January low of 0.6707 might clear the way for a retest of the flash-crash low from the start of the year.

The New Zealand economic calendar net week is light with only the BusinessNZ manufacturing PMI and card spending data.

ForexLive

Articles You May Like

Kiwi Weekly Price Outlook: NZD/USD Breakdown Searches for Support
US will announce complete cutoff to Iran oil exports on Monday – report
“Scalping Forex Price Action For A Living” – Nick Bencino | Trader Interview
Swing Trading Strategy | Day Trading Strategies For Beginners | Trade Room Plus
S&P 500 and relationship to jobless claims

Leave a Reply

Your email address will not be published. Required fields are marked *