NZDUSD trading near session highs for the week. Bias more in favor of buyers. ...Middle East

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As the trading week works toward a close, the NZDUSD is trading near highs for the week. Technically the move to the upside has also breached the 100-bar MA on the 4-hour chart at 0.61116 and the 200 bar moving average on the same chart at 0.61267. The high price today reached 0.6139.As we head toward the close - and into the new trading week - staying above the 200-bar moving average and the 100-bar moving average would be more bullish. Conversely, a rotation back below those levels, would likely disappoint the buyers on the break higher. Earlier this week, the sellers did have firm control when they pushed back below both the 100 and 200 day moving averages near 0.60670. The inability t

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Last updated : 05 July 2024 clock 08:56 PM

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NZDUSD trading near session highs for the week. Bias more in favor of buyers. ...Middle East

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