Follows the dollar this time
The dollar has moved lower over the last few minutes (USDJPY back down testing the 200 bar MA on the 4-hour chart right now), and the NZDUSD is following the leader now. Earlier the pair went on it’s own as it led the majors as the weakest of the bunch. It is still down on the day, but we are seeing the bounce off the 200 hour MA (green line in the chart below).