NZDUSD Mon 23 Apr
NZDUSD tests 2018 low... Below 200 day MA and 38.2% retracement
Low for the year at 0.7152
The NZDUSD has moved to new lows today, continuing the run lower started last week. The pair (with today's fall) is now down 5 straight days and 6 of the last 7 days. The high over that period reached 0.739449. The low today reached 0.71538. That low was just above the low for the year at 0.71522. The first test found modest buyers. On a break, the 0.7130 is the swing low from August 2017. Below that, the 50% of the move up from November will be eyed at 0.7108.
4