Investors have fled to safer options, driving the NZD/USD towards the key 0.7900 mark, where it operates presently. According to the analyst team at BNZ, “The NZD/USD, and risk sentiment more generally, remain highly sensitive to any downside surprises on global growth in the near term.”
Presently, the NZD/USD is falling precipitously at a rate of -0.89% since it’s opening earlier today. The pair’s bottomless decline has continued unabated, though has settled presently in the region of 0.7901. Given the exchange rates receptiveness towards bad news, Mataf.net technical analysts calculate the next supports at 0.7899 and 0.7846. Should any recover be staged, the resistance prices are found at 0.8010, 0.8063, and finally 0.8092.