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NZDUSD sellers in charge today, but bounces and retests MA resistance.
The NZDUSD stepped lower and is trading down for the 3rd consecutive day after a run above the 100-day moving average last week failed. (100-day moving averages at 0.62129).In trading today, the Asian session saw the price test its 100-hour moving average (currently at 0.62046). Sellers leaned against that level and it opened the door for more selling. The initial fall took the price to the 200-hour moving average (the green line on the chart above, currently at 0.61658). The price bounced off t...
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Posted: Jun 20 2023, 19:06
Author Name: forexlive
Views: 102656