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NZDUSD sellers in charge today, but bounces and retests MA resistance.

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... Read More
Posted: Jun 20 2023, 19:06
Author Name: forexlive
Views: 102656

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