NZDUSD buy
NZD/USD stumbles below the 200-day Exponential Moving Average (EMA) due to a risk aversion as the United States (US) labor market data crumble, sparking recessionary fears. Therefore, investors seeking safety in the FX space bought the US Dollar (USD). At the time of writing, the NZD/USD is exchanging hands at 0.6255., down almost 1%.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.