Technical Analysis

NZDUSD stalls at 100 day MA again

Having trouble at the key MA

The NZDUSD took another look at the 100 day MA at 0.66624 and for the 2nd day in a row, has found sellers against the level.   

If the price is to go higher, that MA needs to be busted. A break above looks toward the 0.6700 to 0.67259 area. 

If more buyers start to exit (stay below the 100 day MA), the corrective move would look toward the 0.6610 area where the 38.2% and the high from October 22 are found (see chart below)..

Articles You May Like

What time will the meaningful Brexit vote take place?
Yeah Brexit is a dog’s breakfast. But chessboxing looks great!
The CAD is the strongest. The CHF is the weakest as the NA day begins
Oil remains elevated, boosted by production limits and declining stock
Yen May Extend Rise on Trade War, US Shutdown, Brexit Uncertainty

Leave a Reply

Your email address will not be published. Required fields are marked *