NZD/USD falls below 200-day moving average, nears Feb low
New Zealand dollar sinks
Keep an eye on the New Zealand dollar today as it nears the February low.
The 200-day moving average hasn't been particularly consequential in the past five months but a break below the February low of 0.6720 and the late-January low of 0.6707 might clear the way for a retest of the flash-crash low from the start of the year.
The New Zealand economic calendar net week is light with only the BusinessNZ manufacturing PMI and card spending data.