The NZDUSD has tumbled lower in trading today – helping to make the NZD the weakest currency in trading today.
The price of the NZDUSD has corrected off the low, however (near 50% at 0.77412 level) and is up testing the 200 hour MA (green line ) and the broken 38.2% of the move up from the January 5th low) at 0.77702 area. If the correction is to hold a resistance area, this is a level to look for the sellers.
NZDUSD has rebounded and is testing the 200 hour MA and broken 38.2% retracement.
