Technical Analysis

NZD/USD falls below 200-day moving average, nears Feb low

New Zealand dollar sinks

Keep an eye on the New Zealand dollar today as it nears the February low.

The 200-day moving average hasn’t been particularly consequential in the past five months but a break below the February low of 0.6720 and the late-January low of 0.6707 might clear the way for a retest of the flash-crash low from the start of the year.

The New Zealand economic calendar net week is light with only the BusinessNZ manufacturing PMI and card spending data.

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