What a swan dive: New Zealand dollar down for seventh day

Technical Analysis

Author: Adam Button | nzd

Complete roll over in NZD/USD

This chart is a train wreck. NZD/USD has fallen in seven straight day and with today's fall below the January 2 low of 0.7072, it's now in negative territory for the year.

So much for global synchronized growth.

The next big level is the 61.8% retracement of the rally, which is at 0.7064 or 0.7029, depending on if you start in November or December.

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