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NZD February credit card spending -0.4%

+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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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