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Mar 23 - 02:55 AM

AUD/USD Dives Deeper, Led By Kiwi Heading Toward The Abyss

By Ewen Chew  —  Mar 23 - 01:42 AM
  • AUD/USD dives to 0.7689, swerving lower again, led by NZD/USD

  • Touches Ichimoku Cloud support zone; outlook darkens if it fails

  • Kiwi rocked by NZ imposing property investment taxes nL1N2LK2NX

  • NZD/USD extends lower to 0.7079 from opening 0.7165, down 1.2%

  • Breaks 100 DMA for first time since Nov; inside downtrend channel

  • Likely on the way to 0.7000 psych barrier on close below 100 DMA

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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