menu search

NZDUSD snaps back higher after dip runs out of steam ahead of MA cluster

NZDUSD snaps back higher after dip runs out of steam ahead of MA cluster

The NZDUSD moved higher today, helped by the better China news overnight.

Technically, the pair moved above a cluster of moving averages including the 200 day, 100 hour, 100 day and 200 hour moving averages in rapid succession in the Asian session.

That opened the door for a run toward the swing area between 0.6252 and 0.62717. The high price reached 0.62748 before rotating to the downside on increased dollar buying in the US session.

However, the move higher has returned... Read More

Posted: Mar 1 2023, 18:07
Author Name: forexlive
Views: 102368

Search within

Pages Search Results: