The breach of critical support around 0.6230 is a bearish technical development for the New Zealand dollar – ANZ

According to the ANZ Bank Report's, "the NZD/USD pair went at its week, day, and year lows this morning due to the continuation of global market turbulence."Amid the continuous global market turbulence

May 13, 2022 - 03:20 PM 243 views

The breach of critical support around 0.6230 is a bearish technical development for the New Zealand dollar – ANZ

Market News

© The breach of critical support around 0.6230 is a bearish technical development for the New Zealand dollar – ANZ

Free Enquiry Now

According to the ANZ Bank Report's, "the NZD/USD pair went at its week, day, and year lows this morning due to the continuation of global market turbulence."Amid the continuous global market turbulence, the break is lower to the key support of 0.6230 points, which is referred to as the "gloomy development for the fiscal economy."

It’s Difficult to Watch How Markets are Avoiding the USD’s Safe-Haven Appeal

One notable result of the global turmoil has been lower bond yields, which have allowed the US bonds to reach a 10-year high of 3.20% on Monday. If the consequences of the volatility or the tumbling asset prices become that important, then it’s difficult to see how markets are avoiding the USD’s safe-haven appeal.

Kiwi’s break at 0.6230 points indicates a negative technical development.

Support 0.5940/0.6100/0.6200

Resistance 0.6465/0.6545

Share With -

 

No comments yet for this post

Please Login to comment this article.

If not a registered user yet, Please signup here