menu search

NZDUSD buyers had their shot above the 200 day MA. The momentum could not be sustained.

NZDUSD buyers had their shot above the 200 day MA. The momentum could not be sustained.
The NZDUSD buyers made a play to the upside in the Asian session and pushed to and through the 200-day MA at 0.61488, with the high for the day reached after the weaker US CPI data. However, after breaking above that key MA, the next target at the 50% retracement area near 0.61838 could not be reached and buyers turned to sellers. The price has traded above and below the 200-day moving average and now threatens to extend further to the downside in late afternoon trading.For the downside momentum... Read More
Posted: Jun 13 2023, 18:47
Author Name: forexlive
Views: 081276

Search within

Pages Search Results: