Aussie and kiwi face key technical test as risk trades come under pressure

A key second for each AUD/USD and NZD/USD on the charts

Because the market temper sours on the day and we see one other flight to security, the aussie and kiwi are each down 0.5% towards the greenback at the moment.

Of word, we’re seeing each pairs face a key technical take a look at on the charts:

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The previous is testing its August low @ 0.7106 and a break beneath that spells hazard of a steeper fall probably again in direction of the 0.7000 mark.

In the meantime, the latter is testing waters beneath 0.6800 because the August lows @ 0.6805-09 look like giving method. That would see an accelerated drop in NZD/USD in direction of the 61.8 retracement degree of the swing greater from March 2020 to Feb 2021 close to 0.6700 subsequent.