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NZDUSD corrects higher off lower swing area today and test 4-hour MA levels

Like the AUDUSD, the NZDUSD has been mired in an up-and-down trading range for a number of weeks. Looking at the 4-hour chart below, the value area (area where most of the price action has taken place) of the price action over the last 5/6 weeks has been between 0.5879 and 0.5996. Yes, there have been extremes up to 0.60146 and down to 0.5858, but the vast majority of the price action has been in the "red box" on the chart below.Today, the low price stalled against the low of the lower swing ar... Read More

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Posted: Sep 21 2023, 18:31

Author Name: forexlive

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