Technical Analysis

NZDUSD stalls at 100 day MA once more

Having hassle on the key MA

The NZDUSD took one other take a look at the 100 day MA at zero.66624 and for the 2nd day in a row, has discovered sellers in opposition to the extent.   

If the worth is to go larger, that MA must be busted. A break above seems to be towards the zero.6700 to zero.67259 space. 

If extra patrons begin to exit (keep beneath the 100 day MA), the corrective transfer would look towards the zero.6610 space the place the 38.2% and the excessive from October 22 are discovered (see chart beneath)..

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