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Aug 14 - 07:55 AM

NZD/USD - Drops Below A Key Moving Average

By Jeremy Boulton  —  Aug 14 - 05:50 AM
  • NZD/USD slides to 0.6527 below 55-DMA at 0.6535

  • Lows for the two prior sessions came just ahead 55-DMA

  • NZD/USD has been trading over 55-DMA since May 18

  • Pair rose 10% after first breaking over 55-DMA in April

  • 23.6% and 38.2% retracements of rise from March low are potential targets

  • 23.6% is 0.6422. 38.2% is 0.6240. Cluster of Jun lows 0.6376-86 look key


NZD/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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