NZDUSD stalls fall near the 50% retracement level

NZDUSD trades at lowest level since October 15

The NZDUSD is consolidating near the lows for the day at 0.66175. That is just above the 50% retracement at 0.65165.

Earlier in the day, the price stalled near the 100 hour MA for the 2nd day in a row. The price did move above the line (blue line in the chart above), but not by a lot. The price also fell below the 200 hour MA and a trend line on the way lower.

A move below the 50% will tilt the bias more to the bearish side.

Lower stocks are taking its toll on the "risky" currencies. The AUDUSD is also trading near lows for the day.