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NZDUSD is lower on day, but moves toward an equilibrium level defined by 100/200 bar MA

The NZDUSD is trading within a value area with a high value area between 0.5985 – 96 on the top side, and 0.5879 – 94 on the downside. Yes, there have been extensions to the upside and downside over the last 7 weeks of trading, but most of the price action is between the aforementioned extremes (see red box on the chart below).On Friday, the price extended outside the upper extreme reaching all the way up to 0.6050 before reversing lower and closing back within the value area. In trading today... Read More

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Nzdusd

Lower

Day

Moves

Toward

Equilibrium

Level

Defined

100 200

Forex

Posted: Oct 2 2023, 18:58

Author Name: forexlive

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