AUDUSD and NZDUSD are lower on the day as “risk” flows from geopolitical tensions weigh on the pairs.
For NZDUSD, it reached last week’s low at 0.59364. So far, buyers are relying on this level. The price rebounds slightly.
AUDUSD has moved below a swing zone between 0.6477 and 0.6486. The next target lies in a swing zone between 0.6442 and 0.6455. A descending trendline also crosses this area.
In this video I describe the levels in play and show why they are important.
cnbctv18-forexlive
