he time of writing. Investors’ mood is upbeat as US equities recover some ground, except for the Nasdaq Composite, which falls 0.02%.In the FX market, risk-sensitive currencies like the NZD and the AUD rise, courtesy of a softer USD trading session, with the US Dollar Index falling some 0.27%, under the 96.00 threshold for the first time in the week.
The first line of defense for NZD bulls would be the 0.6800 figure. A breach of the latter would expose December’s 27 and 28 daily low at 0.6788 and then major support at December’s 20 cycle low at 0.6702.
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