NZD/USD Slumps Below 200-Day SMA, Eyes 0.57
The New Zealand Dollar fell for a third straight session, dropping over 1.48% on the week and hitting two-month lows near 0.5722 against the US dollar.
NZDUSD
The NZD/USD pair extended its decline for the third consecutive day, falling below the 200-day simple moving average. The kiwi dropped to a two-month low of 0.5722 during the session and is currently trading at 0.5738, down 0.25% on the day.
On the week, the New Zealand dollar has lost more than 1.48% against the greenback. The pair remains under pressure, with sellers eyeing the 0.5700 psychological level.
Source: FXStreet Forex News