NZDUSD Holds Support, Buyers Attempt to Take Control Above Moving Averages ...Middle East

The NZDUSD has moved lower over the last 3 trading days in the process retested at the high of a swing area on the daily chart near 0.59028 (see chart below). Support buyers came against that level and have pushed the price higher in trading today from a technical perspective. Buyers are showing a willingness to keep control by holding that support level.Drilling to the hourly chart below, the move lower over the last 3 days did break below the 100-hour moving average currently at 0.59468, but fell short of the rising 200-hour moving average currently at 0.58984. The price action on the corrective move lower also moved below the 50% midpoint of the move down from the October high at 0.59135.

Hence then, the article about nzdusd holds support buyers attempt to take control above moving averages was published today ( Thursday 09/11/2023 - 05:37 PM ) 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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Last updated : 09 Nov 2023 clock 05:37 PM

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NZDUSD Holds Support, Buyers Attempt to Take Control Above Moving Averages ...Middle East

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