The NZDUSD has been monitoring the 100-hour MA larger There have been some transient strikes beneath the 100 hour MA over the previous couple of weeks, with just a few occasions when the worth dipped beneath the MA however shortly rebounded larger.
At this time, there was one other dip beneath the 100 hour MA. Vendor are “making a play”. Can they now maintain the momentum going.and probe the draw back.
Wanting on the hourly chart, the 38.2% of the transfer up from the September low is available in at 0.6258. Under that and the merchants can be trying towards the 200 hour MA at 0.6233 and the 50% of the identical transfer larger at 0.6229.
Can the sellers maintain the strain on now that the worth has damaged beneath the 100-hour MA?
