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NZD / USD returns to 200-day moving average
ForexLive
The greenback holds firm on the session as the NZD / USD drops its previous gains and retreats to a low for the day, near the 200-day MA (blue line) @ 0.6717.
The pair had previously climbed to a high of 0.6738 and hovered around 0.6730-35 as buyers tried to build a bullish momentum, but failed to maintain a break above the region's resistance. swing around 0.6720-30 – a bit like yesterday.
The dollar is seen to be gaining ground against the euro and the pound sterling today, but it is broadening as we move towards North American trade. US. As mentioned earlier, monitor these key daily resistance levels for the NZD / USD before US retail data and the upcoming GDT dairy price auction.
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