NZD/USD chart - Trading View
NZD/USD dives over 1.50% on the day and was trading at 0.7025 at around 09:50 GMT.
Weakening global risk sentiment triggered a sharp pullback in the equity markets and other risk assets.
The pair opened with a bearish gap on the first day of a new trading week in reaction to fresh COVID-19 jitters.
Concerns over the coronavirus contagion have intensified after a new covid strain was found in the UK.
Fresh coronavirus jitters overshadowed the optimism over the long-awaited $900 billion US coronavirus aid package and an emergency use approval for Moderna's COVID-19 vaccine.
Risk-off flows boosted the US dollar's relative safe-haven status and further contributed to downside in the pair.
Price action has slipped below 21-EMA and 200H MA, scope for further downside. 50-DMA is strong support at 0.6864. Breach below eyes daily cloud.


FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD dips below lower range, bearish bias increases
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: USD/ CNY remains soft ahead of Fed decision 



