Like the AUDUSD, the NZDUSD moved higher in the early Asian session and in the process pushed away from a swing area support between 0.6117 and 0.6125. The swing area was tested on the decline yesterday. That move lower also took the price below the 200-hour moving average for the first time since November 14. However, the inability to attract more sellers disappointed those who sold on that break, and they likely fueled the run back to the upside.Since peaking in the early European session, the price has fluctuated down and back up. In the process, the price moved above and below the 100-hour moving average (blue line in the chart below). However, of note is that the decline in the European
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