+7.3% vs a year ago.
- New Zealand credit card spending fell by -0.4% in February
- YoY it is up 7.3% YoY.
- The prior month on month gain was unrevised at 2.3%.
- The YoY last month was revised to +8.3% from +8.9%.
The NZDUSD has been trading above and below the 38.2% retracement of the move up from Thursday's low. Should the bearish bias continue in trading today, the 50% and 100 hour MA at the 0.6724 area are a key support target. The 200 hour MA comes in at 0.6713.