NZDUSD: Muddling along. Flip-a-coin as traders work through more bullish or more bearish. ...Middle East

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NZDUSD: Muddling along. Flip-a-coin as traders work through more bullish or more bearish.
In this video, I take a look at the NZDUSD from a technical perspective. Unfortunately, the ups and downs in the currency pair this week are suggestive of the "market" unsure of the directional bias. There is just a lot of ups and downs.What can be determined is that the low-price reached over the last few hours of trading defined support buyers within a swing area between 0.6218 and 0.6228. If that level can hold support, and the price gets back above its 100-hour moving average at 0.62397, the buyers would turn more positive. Absent that and sellers are still more in control. This article was written by Greg Michalowski at www.forexlive.com.

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