The labor
market in New Zealand is weakening with less jobs created and a rising
unemployment rate. The data sent the NZD/USD dropping like a rock from the 200
period exponential moving average on the 4 hour chart to the 0.7500 level. At
the moment the price is trying to break below the 0.7500 level and if the
breakout is confirmed, the bearish momentum may speed up and a visit to the
0.7400 is possible.
Great assessment. I'll keep a close eye on it.
ReplyDeleteWell spotted! Thanks for sharing it.
ReplyDeleteI think it broke below 0.7500.
ReplyDeleteVery good analysis, i´ll follow NZDUSD
ReplyDelete0.7500 has already been broken.
ReplyDeleteGood analysis.
ReplyDeleteGreat analysis.
ReplyDeleteExcellent analysis.
ReplyDelete