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NZDUSD traits to highest level since February 14. Backs off.

The NZDUSD continued its move to the upside today by making a new high going back to February 14, 2022. The high price extended above the April high of 0.63765, reaching 0.63801. Looking at the daily chart, the price did stall ahead of the top of a swing area between 0.6363 and 0.63891 (see red numbered circles on the chart above). Getting above 0.63891 increase the bullish bias. It was not meant to be so far today.Drilling to the hourly chart, the corrective low price yesterday reached down tow... Read More

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Content Topics

Nzdusd

Traits

Highest

Level

Since

February

Backs

Off

Forex

Posted: May 10 2023, 15:45

Author Name: forexlive

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