It's been a bad day at the office for NZD pairs 19 Oct
NZDUSD now down to fresh session lows of 0.7020 and AUDNZD up to 112.06 from 0.7130 and 110.00 earlier as the fallout from First Party leader Peter's decision to throw his casting vote behind the opposition Labour/Green coalition.
Final details of govt make-up and policy still to be announced but traders/investors fleeing for the door so far.
Here's the articles I've posted today in one handy at-a-glance place:
- Peters says First Party will back Labour to create New Zealand government
- NewZealand's Ardern: Honour and privilege to form next NZ government
- Heads up for NZD traders: Peters due to make announcement shortly
Support/demand around here and more into 0.7000 but we can expect rally sellers to fill a few gaps/levels should we see moves up from here.