NZDUSD: momentum to the downside is strong.
NZDUSD is timidly bouncing off a key support but seems to be determined to go down among a very uncertain global economic situation. New lockdowns, new travel restrictions, more and more unrest and riots, mandatory vaccinations, camps... This is decidedly a climate that would favor risk-off behavior. A clear daily close below this support level would trigger a dive to the next area around 0.66.
The US is more resistant to the COVID hysteria taking hold in the EU, Australia and New Zealand. Therefore, I expect the US economy to do better.
The US is more resistant to the COVID hysteria taking hold in the EU, Australia and New Zealand. Therefore, I expect the US economy to do better.
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