The NZDUSD falls below the 38.2% retracement giving sellers more control. ...Middle East

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The NZDUSD - like the AUDUSD has trended lower this week. The move is making new session low and the process has moved below the 38.2% retracement of the move-up from the October low. Staying below that level after a trend move to the upside shows the sellers are looking to take more control. The next target area comes between 0.6112 snd 0.6125. Below that level is the 200-day moving average at 0.60916. The last time the price tested the 200-day moving average is back on December 13. Buyers showed up near that level and started the rotation back to the upside to the high price reached toward the end of December. This article was written by Greg Michalowski at www.forexlive.

Hence then, the article about the nzdusd falls below the 38 2 retracement giving sellers more control was published today ( Tuesday 16/01/2024 - 10:37 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 : 16 January 2024 clock 10:37 PM

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The NZDUSD falls below the 38.2% retracement giving sellers more control. ...Middle East

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