NZDUSD buyers defend 0.5579 support, stall at 200-HMA
NZDUSD held above 0.5579 support after weak NZ jobs data, but the rebound stalled at the 200-hour moving average, leaving the pair in a technical standoff.
The RBNZ kept its cash rate unchanged, a move that ran contrary to expectations of a hike.
I will post more on this separately, once I can take in what just happened.
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NZDUSD held above 0.5579 support after weak NZ jobs data, but the rebound stalled at the 200-hour moving average, leaving the pair in a technical standoff.
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