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Aug 19 - 10:55 PM

NZD/USD - Languishes At Lows As Virus Cases Spread To Wellington

By Krishna K  —  Aug 19 - 09:04 PM
  • NZD/USD fails to bounce after falling 3.25% this weak in a sign of weakness

  • Global growth worries, NZ lockdown, Fed taper talk weigh on sentiment

  • New Zealand COVID-19 cases spread to capital Wellington- reportnL4N2PQ4B1

  • RBNZ cannot wait for uncertainty to clear b4 tightening -Gov OrrnS9N2NZ01W

  • Support at 0.6760, 200-week MA, weekly close below strengthens downtrend

  • Initial target 0.6701-03, 38.2% of 2020-2021 rally and 100-week MA

  • Resistance 0.68 70-80, 0.6910-15

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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