The NZD/USD stalled its rise yesterday at the 38.2% retracement level (0.5688) of the decline from the November 29 high. This level also aligns with a key swing area between 0.56837 and 0.56917. Sellers capitalized on this resistance, pushing the price lower into the close.
Today, the pair has experienced choppy, range-bound trading. Buyers, however, stepped in near yesterday’s low at 0.5648, just above the rising 100-hour moving average (0.5643). Notably, the price also rebounded off the 100-hour moving average on Tuesday, reinforcing its importance as a support level. A break below this level would strengthen the bearish outlook.
On the upside, resistance is found at the falling 200-bar moving average on the 4-hour chart (0.56718). A breakout above this level could shift momentum toward a more bullish bias, targeting the swing area and the 38.2% retracement zone between 0.56837 and 0.56917.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about the nzdusd stalled the rise yesterday at the 38 2 retracement and today at a falling ma was published today ( ) 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.
Read More Details
Finally We wish PressBee provided you with enough information of ( The NZDUSD stalled the rise yesterday at the 38.2% retracement and today at a falling MA. )
Also on site :
- Travis County deputy arrested on official oppression charge
- 10 Shows Like 'Your Friends and Neighbors' You Should Watch Next
- Lisa Kudrow Gets Brutally Honest About ‘Friends’ Fame