Home / NZD / FxWirePro: Kiwi dented by poor China trade data, NZD/USD breaks below 20-DMA, stay short

FxWirePro: Kiwi dented by poor China trade data, NZD/USD breaks below 20-DMA, stay short

Kiwi extends weakness ahead of RBNZ, dented by poor China trade data. New Zealand is highly dependent on China for its exports revenues and a big miss on imports weighing down on NZD. Technical studies also support downside. We note bearish RSI divergence …
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