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NZDUSD trades above the next target and looks toward the key 100-day MA
The NZDUSD has the biggest change of the major currency pairs with a gain of nearly 1%. That move took the price above its 50% midpoint of the move down from the May high at 0.61838, and also above a swing area between 0.6202 and 0.62059. Close support will now be at the 0.6200 level. Stay above that level and a run toward the 100-day moving average at 0.62235 would be expected. The price has not traded above its 100-day moving average since May 23. Key level.Break back below the 0.6200 level w...
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Posted: Jun 14 2023, 14:14
Author Name: forexlive
Views: 112543
