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NZD/USD heavy as USD broadly bid

Source: Thomson Reuters Falling 10-DMA caps NZD/USD overnight lift, pair eyes short-term support near 0.7310/15 Broad USD bid keeps NZD/USD heavy in NY, high beta currencies suffer most today Break of 0.7310/15 support t…

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NZD/USD heavy as USD broadly bid
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Source: Thomson Reuters


  • Falling 10-DMA caps NZD/USD overnight lift, pair eyes short-term support near 0.7310/15 

  • Broad USD bid keeps NZD/USD heavy in NY, high beta currencies suffer most today

  • Break of 0.7310/15 support then sees 0.7270/80 zone in play

  • RSIs provide a bear bias, will not impede losses if USD bid persists

  • Above 0.7600/30 eases bear pressure, Sub-0.7170/75 accelerates slide

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