The New Zealand dollar is lagging today.
I’m tempted to blame it on year-end profit taking as carry trades unwind but anyone who had to close the books might have done it last week or earlier, so it could be flows in a light market.
In any case, the 100-day moving average broke today.
Overall, I caution to be skeptical of technicals at this time of year. Lots of false signals. My preferred trade would be simply to ride any momentum and not question it.