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NZDUSD is able to stay above its 100 hour MA today, but stalls near 0.6500

NZDUSD is able to stay above its 100 hour MA today, but stalls near 0.6500

The NZDUSD has seen an up and down day today.

After moving up and down in the Asian session, the pair turned more to the downside. The low price tested the rising 100 hour moving average (blue line in the chart above) and found willing buyers against the risk defining level (the moving average is currently at 0.643771 the chart above).

The price then snapped back higher over the next hour or so of trading, and in the process move back toward the highs for the day near 0.6498. Th... Read More

Posted: Jan 23 2023, 17:25
Author Name: forexlive
Views: 102210

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