Technical Analysis

The NZDUSD re-tests the 100 day MA

With shares tumbling, the “threat off” commerce just isn’t occurring. Will the 100 day MA reverse the rebound although?

The inventory markets are getting smashed, however the NZDUSD is transferring larger. The everyday response is “threat off”/promote NZDUSD (as one commerce).   We’re not seeing that. In reality the NZDUSD is buying and selling larger and at NY/London session highs.  

Within the course of, the pair is presently testing the 100 day MA at zero.66693. Simply above is the underside of the damaged development line at zero.6677.  

Does that space stall the rally?  Search for merchants to lean in opposition to the extent on this check, with stops above.

 

ForexLive


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