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NZD/USD downside case in focus after yesterday's plunge lower
Much like AUD/USD, there is a relatively mild bounce in the pair today but it doesn't take away from the notable technical development that we saw yesterday. The pair not only broke back below both its 100 (red line) and 200-day (blue line) moving averages but also took out the 38.2 Fib retracement level of its swing higher since October, seen at 0.6145.
The latter helped to arrest the declines at the end of Februar... Read More
Posted: Mar 8 2023, 10:08
Author Name: forexlive
Views: 110865