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Forex: USD/NZD trading lower on the session lows 0.8230

FXstreet.com (London) - The Kiwi has lost ground from highs 0.8300 before the European session opened and has continued to print weekly lows 8228 again in a very strong bear trend instigated in April and reinstated grated in May. There are strong momentum readings and MACD offers support for the bears. NZ retail sales added further impetus overnight coming in slightly lower than the market consensus, but still printing as positive numbers overall - (QoQ) came in at +0.5% in Q1, vs. projections calling for a growth of +0.8%. Moreover, Retail Sales ex Autos (QoQ) climbed only +0.6% in Q1, missing expectations of +0.7%.

Support is sighted 0.8186 and 0.8143

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