NZDUSD: momentum to the downside is strong.
NZDUSD is timidly bouncing off a key support but seems to be determined to go down among a very uncertain global economic situation. New lockdowns, new travel restrictions, more and more unrest and riots, mandatory vaccinations, camps... This is decidedly a climate that would favor risk-off behavior. A clear daily close below this support level would trigger a dive to the next area around 0.66.
The US is more resistant to the COVID hysteria taking hold in the EU, Australia and New Zealand. Therefore, I expect the US economy to do better.
The US is more resistant to the COVID hysteria taking hold in the EU, Australia and New Zealand. Therefore, I expect the US economy to do better.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.