Kiwi continues lower in six-day slump

Yesterday’s break of the 55-day moving average was a sell signal and now the 200-day has broken.

Support is minimal. I expect agressive sellers to begin lining up at 0.8020. There are reports of offers at 0.8050.

Now AUD/USD is joining in the frey as the barrier at 1.0300 is tested. Look for big stops if it gives way.

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