The NZDUSD has dropped to a new low for the day and the trading week following the better-than-expected PPI data. The decline pushed the pair below:
100-day moving average at 0.5969
100-bar moving average (4-hour chart) at 0.5952
Weekly low at 0.5912
The session low has now reached 0.59075.
Downside targets include:
0.59039 — low from July 17
0.5882 — swing lows from June 23 and August 5
0.58769 — 38.2% retracement of the April rally
0.5845–0.5860 — key swing area
On the upside, buyers would need a recovery above 0.5937 and the 100-bar MA at 0.59524 to regain momentum. Until then, sellers remain firmly in control.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about nzdusd moves to a new low for the day and the week 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 ( NZDUSD moves to a new low for the day and the week. )
Also on site :
- Go Inside BTS ‘Tonight Show’ Taping, From Fan Jump-Scares to Jimmy Fallon Angling to Be ‘The 8th Member’
- Trump& 039;s Disapproval Rating Hits All-Time High, Fox News Poll Shows
- Lord of the Rings Trilogy Has Many Elements That Are Difficult to Watch in the Modern Day