Яндекс.Метрика NZDUSD test topside resistance. Trades between two key technical areas – Technologies of the future for life!
Home / Forex Treiding / NZDUSD test topside resistance. Trades between two key technical areas

NZDUSD test topside resistance. Trades between two key technical areas


  • share

100 hour MA and trend line above and 200 day MA below helps to confine the NZDUSD

The technical picture of the NZDUSD is showing:

  • resistance above against its 100 hour moving average is 0.67535 and a top side trend line at the same level
  • support against its 200 day moving average at 0.67302

Yesterday the pair based against that 200 day moving average moved higher. Today, the 10 hour moving average and Tremont has been tested twice.  
At some point the market will push the price above resistance or below support.  Right now, so those are leaning against the resistance, hoping that the price does rotate back lower. A move to new session highs (above 0.6758) would likely turn the sellers to buyers.

ForexLive

About SkyNET

Leave a Reply

Your email address will not be published.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