NZD/USD testing the 200-D SMA to the downside
- NZD/USD is consolidated in Asia, oscillating around S1 located at 0.6856 after travelling from yesterday's Asian highs located at 0.6900.
- The bird is testing the 200-D SMA located at 0.6851.
- Breaking: UK PM May survives the no-confidence vote, Pound eases
However, the majority of the focus was paid to European politics with optimism over Italy's budget and markets pricing in UK PM May surviving the leadership vote with sterling picking up the most of the flow.
- Support 0.6820
- Resistance 0.6980
The bird is testing the 200-D SMA located at 0.6851 and a break below risks a slide to the 38.2% retracement Fibo (at 0.6810). On the downside, 0.6825 was the recent low ahead of S3 at 0.6812. On a refocus of the upside, the bird can head towards the 61.8% Fibo at 0.7048.