NZD/USD reclaims the 0.6800 figure amid a mixed market mood

NZD/USD reclaims the 0.6800 figure amid a mixed market mood By christianborjon NZDUSD Sentiment Macroeconomics Technical Analysis

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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