NZDUSD Again Confronts 200-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, Feb 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    NZDUSD's recovery rally from 0.6400 area, coupled with upbeat New-Zealand job numbers, fueled the pair towards surpassing the 100-day SMA and the 23.6% Fibonacci Retracement of its April – September 2015 downside by printing the highest level in a month; though, 200-day SMA again stopped the pair's advance on Thursday[​IMG]

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