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Mar 22 - 09:55 PM

NZD/USD - Falls After NZ Government Places Tax On Property Investors

By John Noonan  —  Mar 22 - 08:02 PM
  • NZD/USD has fallen 0.50% since NZ PM announced measures to cap property prices nL1N2LK2NX

  • NZD/USD pressured by NZ 10-year yield easing from 1.78% to 1.72%

  • NZD/USD approaching key support levels starting with 100-day MA @ 0.7119

  • The March 5 pullback low is at 0.7100 - as is the 38.2 of 0.6512/0.7463 move

  • A break below 0.7190 targets the 50% retracement of that move at 0.6987

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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