NZDUSD steps down to the 50% of the February trading range. Down over 0.80% on the day.
PACIFIC
NZDUSD steps down to the 50% of the February trading range. Down over 0.80% on the day.
NZDUSD lower in trading with traders leaning against 100 hour MA and then the 200 hour MA
NZDUSD Technical Analysis – The risk-off sentiment weighs on the Kiwi
The RBNZ cut rates by 50 bps and the NZDUSD moved lower into MA support and bounced.
NZDUSD Technical Analysis – RBNZ’s Orr revises the neutral rate higher
USD is continuing its to the downside. NZDUSD and AUDUSD the biggest movers.