NZDUSD below MA support. What next? ...Middle East

Like many pairs today, the NZDUSD has seen up-and-down price action. For it, the pair fell in the Asian session, helped by weaker China data. The fall in the Asian session stalled just ahead of the 100-hour MA (blue line on the chart below). The run higher reached up to 0.5856, before tumbling in the US session. That move lower (higher USD) has now seen the price move below the 200-hour moving average of 0.58278 and the 100-hour moving average at 0.5819 . The low price reaches 0.5803 before bottoming. That low was within a PIP or 2 of the low from yesterday and the low from Friday's trade, along with other swing levels going back to October 19 between 0.5803 and 0.5814 (see red number circl

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Last updated : 31 October 2023 clock 09:29 PM

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NZDUSD below MA support. What next? ...Middle East

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