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The NZDUSD breaks lower and is the biggest mover. What led to the decline? What next?

The NZDUSD breaks lower and is the biggest mover. What led to the decline? What next?
The NZD is the weakest of the major currencies. The NZDUSD is the biggest mover.The pair started it's shoved to the downside after breaking below its 200 day moving average. I spoke to that level in the post andvideo released yesterday (CLICK HERE).The momentum to the downside was held by weaker Australian CPI data which dragged the NZDUSD down as well. The move lower extended below other swing areas between 0.61321 to 0.61406, and 0.6104 to 0.6114. The 50% midpoint of the move up from the ear... Read More
Posted: Jun 28 2023, 15:03
Author Name: forexlive
Views: 101959

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