- AUD/NZD has obviously been the main mover, breaking and holding above 1.1100 and triggering plenty of long-NZD-liquidation;
- NZD/USD is sitting right on an important Fibo, .8345 is the 61.8% retracement of this years big rally from .8045 to .8835. A clean break below could set off more long-NZD liquidation so keep a close eye on this level and what happens below;
- NZD/CAD has broken below it’s 200-dma and also breached prior daily lows at .9160.
Looks like the NZD bulls should take a break for a while.