NZD/USD stays vulnerable to a downside break ...Middle East

Even though there was a slight bounce last week, it is tough to be bullish on the kiwi in general currently. The only plausible reason I can think of is perhaps AUD/NZD might be overdue for a correction. Otherwise, the kiwi might be in for more pain moving forward.In the case of NZD/USD, the pair had been testing the key daily moving averages as of late. And that includes after the more dovish RBNZ last week. It saw a test of both the 100 (red line) and 200-day (blue line) moving averages at the time.And today, sellers are finding slightly more conviction to test waters below that. There were already several attempts to break the key support region at the end of June and early July. But ulti

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NZD/USD stays vulnerable to a downside break ...Middle East

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