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Losses Extend, Lowest Since Late June

NZD

NZD/USD has extended losses in recent dealing, the pair now sits at its lowest level since late June after breaking support at $0.6121 (low from Jul 28).

  • The pair sits at $0.6105/10, down ~0.7% today. Bears now target low from Jun 28 ($0.6051) and year to date lows ($0.5985).
  • Pressure on the kiwi has come alongside a move lower in the Hang Seng which sits ~2% lower today. E-minis sit ~0.5% lower a touch above session highs and BBDXY is up ~0.1%.

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