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NZDUSD moves toward 200 bar MA on the 4-hour chart.

The NZDUSD is pushing back toward the lows for the day and in the process it is moving back toward the 200 bar MA on the 4-hour chart at 0.5933. Earlier in the European session, the price tested that moving average line only to bounce back higher, but momentum faded ahead of the highs from Monday, and the price has started to move back to the downside. The low price for the current bar has reached 0.59407.In the new trading day, moving below the 200-bar moving average will have traders targeting...
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Posted: Sep 26 2023, 20:03
Author Name: forexlive
Views: 090895