NZDUSD buy

NZD/USD stumbles below the 200-day Exponential Moving Average (EMA) due to a risk aversion as the United States (US) labor market data crumble, sparking recessionary fears. Therefore, investors seeking safety in the FX space bought the US Dollar (USD). At the time of writing, the NZD/USD is exchanging hands at 0.6255., down almost 1%.