NZDUSD: The pair reached a high of 0.56597, aligning with the downward-sloping 100-hour moving average, which now serves as a key resistance level. A breakout above this level would signal further bullish momentum. On the downside, the 200-hour moving average at 0.5642 acts as critical support—falling below it would shift the technical bias back to the downside.
Both pairs are at pivotal technical levels, with breakouts likely to dictate the next directional move
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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