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NZDUSD scoots higher on break of 100 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Sep 3, 2015.

  1. ForexLive

    ForexLive Forum Member

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    First close above 100 hour MA since August 24th The NZDUSD broke above the 100 hour MA (blue line in the chart below), and the move has led to a scoot higher in the pair. The 100 hour MA comes in at the 0.6371 level. The price peaked at 0.6401 so far (hmmmm. you worry a little about those highs near a big figure like 0.6400 but...).

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