Home / Forex Treiding / NZDUSD tests 200 hour MA.

NZDUSD tests 200 hour MA.

  • share

Backs off on the test

The NZDUSD has moved up to a new session high and in the process, has moved up to test the 200 hour MA. The move corresponded with a move back down in the USDCNY toward unchanged levels on the day after an earlier move higher on the fixing. 

The 200 hour MA comes in at 0.6543. The high price reached 0.6544.  
Earlier in the day, the price did move back above the 100 hour MA (blue line).  Traders could not solicit much selling  below the MA line.   Buyers started to push further away from that MA level.  
Also helping the tone is comment from Trump that he predicts a “great deal” with China. This is according to a Twitter source. 

About SkyNET

Leave a Reply

Your email address will not be published.