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NZDUSD trades to new highs and tests 200 hour MA

The NZDUSD has not escaped the USD selling today. The pair is up 1.15% on the day (NZD higher/USD lower). At current levels, it's the largest increase since April 13 when the pair rose by 1.386%.Looking at the hourly chart, the move to the upside took the price above a swing area between 0.6104 and 0.6114. Getting above the upper extreme also extended above the falling 100-hour moving average. That moving average currently comes in at 0.6115 (blue line in the chart above).The continued momentum... Read More

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Posted: Jun 30 2023, 17:28

Author Name: forexlive

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