NZDUSD posting new session lows at 0.7966 after the post-Wheeler falls
Order wise there’s not a lot around but we can expect some bids into 0.7950, then 0.7900 while 0.8000, 0.8020-25 and 0.8050 will attract sellers to fill the gap from the sharp falls. A long way to go until the 2013 multi- lows around 0.7690 though but expect some acceleration if we breach 0.7900
I warn repeatedly about the lack of liquidity in this pair at interbank level ( has been ever thus) and hence moves will be exacerbated such as we’ve seen on recent milk auction news. Always approach with caution. Great when the moves are in your favour but not so great when you’re caught.
NZDUSD Weekly 25 Sept
