Earlier today, price surged above the 200-day MA, a key bullish signal.
The pair is now in the process of retesting the 200-day MA from above — a critical zone to determine whether buyers can maintain control.
A move back below the 200-day MA would be a setback and could shift momentum back to sellers
Support: 0.5888 (200-day MA), 0.5852 High from 2-weeks ago. 0.5824 (broken 38.2% retracement of the move down from September 2024
Resistance: 0.5930 (50% retracement), 0.5970 to 0.5983 (swing area going back in time) 0.6000 (natural resistance)
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about nzdusd retests 200 day moving average after first break above since october 2024 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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