The NZDUSD moved lower earlier today reaching a new low for the week, but finding support buyers near the high of a swing area between 0.60733 and 0.60856. The price rotated back to the upside and now trades above its 200 hour moving average of 0.6118, but below it’s 100 hour moving average at 0.61323.
The price has stalled between those levels as it awaits the next shove higher or lower.
This article was written by Greg Michalowski at www.forexlive.com.
Source link
