NZD/USD tumbles to 0.8450

Matías Salord FXStreet

FXStreet (Córdoba) - The NZD/USD broke broke below 0.8470 and fell quickly to 0.8450 reaching the lowest price since March 12. The Kiwi is falling sharply across the board.

After bottoming the NZD/USD rebounded slightly and currently trades at 0.8468, down 0.29% for the day so far. The pair is falling for the second day in a row, accumulating a decline of a hundred pips.

NZD/USD technical outlook

The pair weakened earlier after being unable to hold above 0.8700 and accelerated to the downside after breaking short term support levels. Now headed toward the second daily close in a row below 0.8500, the outlook remains bearish.

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

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