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NZDUSD consolidate between short term technical levels

Generally speaking, the NZDUSD is consolidating between the 50% retracement of the move up from the June 29 low at 0.6230, and the 61.8% retracement level of the same move higher at 0.61874.In between those retracement levels are a number of moving averages including the:200-day moving average at 0.6214,100-hour moving average at 0.62048100-day moving average at 0.61978Through the FOMC rate decision, getting above the 50% retracement level will be more bullish, and next target the 200-hour movin... Read More

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Posted: Jul 26 2023, 16:16

Author Name: forexlive

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