Up last auction
The last auction was positive by 1.4%. That reversed a string of 4 consecutive declines.
The NZDUSD is down on the day and tests support against the 100 day MA at 0.6634. The 200 day MA is not far from that at 0.66129. The low last week extended below both MA for a brief moment before pushing higher. A move below the MAs should solicit additional selling. The auction results are key.
