Forex technical analysis: NZDUSD finds sellers against the 38.2%

Discussion in 'Technical Analysis' started by ForexLive, May 11, 2016.

  1. ForexLive

    ForexLive Forum Member

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    RBNZ Financial Stability Report decreases easing thoughts The RBNZ financial stability report came in less dovish than expectations and that helped send the NZDUSD sharply to the upside. The price stalled against the 100 hour moving average in Asia-Pacific session on two separate occasions. HOwever, in the NY session follow through buying as sent the pair above the MA level and to the next target against the 38.2% retracement level.

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