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Home Technical Analysis Foreign exchange Information NZDUSD's 100 Hour MA Pushes Towards The Value | Forexlive

Foreign exchange Information NZDUSD's 100 Hour MA Pushes Towards The Value | Forexlive

by Cyrielle CABOT
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forex-news-nzdusd's-100-hour-ma-pushes-toward-the-price-|-forexlive

Greg Michalowski - WatanNews

NZDUSD stays under 100 hour MA

Like many pair’s yesterday, the NZDUSD examined/moved above the 100 hour MA (blue line) however couldn’t hold upside momentum going, fell wanting the subsequent targets (for it the 200 hour MA) and rotated decrease.

At this time, trying on the hourly chart, the worth motion has continued to maneuver up and down. The early European session excessive stalled forward of the falling 100 hour MA. The NY session excessive moved above the falling 100 hour MA, however couldn’t hold the momentum going. In actual fact, the worth couldn’t even attain the London session excessive.

The final three hourly bars are knocking on the 100 hour MAs door, however haven’t been in a position to break via. That MA presently is available in at 0.5604. The present value is at 0.5600.

Having mentioned that the promoting has been modest. The Asian session low for the day moved briefly under the swing low going again to September 28 however solely by just a few pips (0.55638 vs low at 0.5559). The early NY session low may solely attain 0.5571.

The consolidation close to the low may be “shopping for time” forward of the important thing CPI knowledge tomorrow.

Nonetheless, what we do know is the sellers stay in management. It’ll take a transfer above the falling 100 hour MA to offer the consumers a victory. The worth must keep above that degree to maintain brief time period management.

Above that’s the falling 200 hour MA presently at 0.56539 (and shifting decrease). Get and keep above that, would give the consumers extra management, and open the door for additional upside probing.

Absent these sorts of strikes, and the sellers are nonetheless in management.

Wanting on the weekly chart, the low from 2020 reached to 0.54668. That may be the subsequent key goal on extra promoting. That’s the lowest degree going again to March 2009.

NZDUSD on the month-to-month chart

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