NZDUSD runs lower after more dovish RBNZ rate decision. What are the technicals saying? ...Middle East

The RBNZ kept rates unchanged at 5.5%, and were more dovish in their projections and their comments. As a result, the NZD is tumbled lower. The NZDUSD has broken through some key support levels.The 100 and 200-bar moving averages on the 4-hour chart were broken at 0.61310 and 0.6126. More recently in the North American session, the 100-day moving average was broken at 0.60917 after stalling at that level in the European morning session. Breaking below the 100-day moving average now sets that level as the close risk. On the downside, the 200-day moving average at 0.60757 is the next target that if broken would open the door for further downside momentum.The low price from February reached to

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NZDUSD runs lower after more dovish RBNZ rate decision. What are the technicals saying? ...Middle East

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