For the “chart of the day,” the NZD has been my focus, and on Nov. 22, we noted how the NZD/USD looked bearish.
The NZD/USD pair sold off about 2.5%, reaching a very key level of support yesterday which bears should take note of. The highs in July 2019 and September 2020 were tested yesterday 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.
NZD/USD Daily Chart