The decline that followed was notable, as the pair slipped back below a series of important technical markers. First, it dropped under the 100-day moving average at 0.5959, then broke through the cluster of the 100- and 200-bar moving averages on the 4-hour chart near 0.5907, and eventually moved beneath the 200-day moving average, now at 0.58577. That cascade of breaks erased much of the FOMC-inspired rally and shifted the near-term focus back to the downside.
Looking lower, the next key focus comes in at the swing area around 0.58455. A sustained move below would bring into play progressively lower swing lows established over the past several weeks — 0.5830, 0.5812, and 0.57989. A break through that sequence would tilt the bias more decisively bearish and open the door to deeper downside targets.
For now, the pair sits at a crossroads, with the 200-day moving average acting as the immediate pivot point. Whether sellers can push through support, or buyers can reclaim lost ground, will determine the next directional move.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about nzdusd technicals the nzdusd continues to trade above and below the 200 day ma 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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