The Kiwi Holding 0.6500 For Now
Rowan Crosby • 1 min read
With the strong USD overnight, the Asian currencies have been under a bit of pressure. While the moves haven’t been too big, the NZD/USD is clearly the big mover so far.
It’s down below support at 0.6500 and so far it’s holding.
This is a big round number level, so if it can spend some time here we might be in for another leg lower.
Remember, time confirms price.