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Forex technical analysis: NZDUSD approaches 100 day MA

Discussion in 'Technical Analysis' started by ForexLive, Oct 7, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Has not closed above since April 30th The NZDUSD is higher again today. The pair has been up 6 of the last 7 days. The one down day was only lower by about a pip. The corrective move higher has taken the pair toward the 100 day MA (blue line in the chart below). The MA comes in at 0.66637. The pair has not closed above the 100 day MA since April 30. The high for the day comes in at 0.6643. There should be sellers on the first test. Be aware...

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