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NZD/USD threatens drop below 200-day moving average after softer NZ CPI data
For the last one month, the pair has been largely caught in a bind in between its 100 (red line) and 200-day (blue line) moving averages. But after the softer NZ CPI data here, perhaps sellers are hoping to try and make a play to the downside and threaten a break below the 200-day moving average now.Much like everywhere else, inflation is still running well above the RBNZ's target range but cooler price pressures are definitely a welcome development for the time being. The domestic economy is so...
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Posted: Apr 20 2023, 03:29
Author Name: forexlive
Views: 110875