NZDUSD tests key support.

For the “chart of the day” the NZD has been my focus, and the 22nd we noted how the NZDUSD looked bearish. The NZDUSD sold off about 2.5% and today reached a very key level of support which bears should take note of. The highs in July 2019 and Sept 2020 were tested today and respected. This has created a possible false breakdown after fresh 2021 lows. Bears should take note of this development, especially if we move back above the .6860 level.

Blake Morrow