A glance under the 100 day MA, finds assist forward of the 200 day MA
The NZDUSD is toying with key technical ranges outlined by the 100 and 200 day MAs.
The 100 day MA is at zero.6765. The 200 day MA is at zero.67445. The low for the day reached between these two ranges at zero.6752. We at the moment commerce simply above the 100 day MA at zero.67687. PS the 38.2% of the transfer up from the October 2018 low is available in at zero.67606.
Drilling to the hourly chart under, when the value fell under the 100 day MA, it was additionally cracking a decrease pattern line. These breaks each failed. It is going to take a transfer under each to extend the bearish bias.
On the topside, the topside pattern line is available in at zero.6792. The 100 hour MA is available in at zero.6800. Though the transfer decrease is exhibiting some stall, these ranges will must be damaged to get extra upside corrective motion going. Sellers proceed to stay in management till then.