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Forex technical analysis: NZDUSD finds support leaning against 100 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Aug 25, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Remains near highs The NZDUSD remains near high levels. Earlier in the week RBNZ Wheeler said that the RBNZ did not see need for "rapid ease". Although near the high, the price has had a difficult time getting buyers too excited at the levels. Case in point, the recent highs in August took our prior highs but only by a few pips. In other words, there is not a whole lot of momentum on the "breaks".

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