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The NZDUSD continues its move lower

The NZDUSD is stepping lower and in the process has moved to the lowest level since March 10. The low price of just reached 0.61107. Looking at the daily chart, the price action today is moving away from its 200 day moving average after trading above and below it over the last 4 trading days (green line in the chart above). The 200 day moving average comes at a 0.6160. Moving back above that moving average would be required to tilt the bias back to the upside on the daily chart. The price also... Read More

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Nzdusd

Continues

Move

Lower

Forex

Posted: Apr 26 2023, 19:08

Author Name: forexlive

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