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Forex technical analysis: NZDUSD breaks to new session highs

Discussion in 'Technical Analysis' started by ForexLive, May 23, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Moves above 200 hour moving average The NZDUSD is trading at new session highs after breaking above the 200 hour MA at 0.67856. The last three trading days has seen the pair trade mainly below those moving averages as the price moved lower to support against the 100 day MA. The move back above the 100 and 200 hour MAs are good for the longs and should give the pair a more bullish bias.

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