The NZDUSD continued the fall that started last week after the RBNZ rate cut. What next? ...Middle East

The NZDUSD traded to the highest level in 2024 just last week (eight trading days ago). The high price reached 0.63778. Today after they are beyond the cut rates by 50 basis points, the price low traded to 0.60516. That's 327 pips in a trading days.Technically the decline seen in trading today has taken the price below a cluster of technical levels including the: 100 day moving average and 0.6121850% midpoint of the 2024 range at 0.6113200 day moving average of 0.60966The price has also moved into and today low of a swing area going back 20 months between 0.6050 and 0.6084, and down to the 61.8% retracement of the 2024 trading range at 0.60509. The low price today fell to just above that ret

Hence then, the article about the nzdusd continued the fall that started last week after the rbnz rate cut what next was published today ( Wednesday 09/10/2024 - 09:20 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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