NZDUSD moves back higher after testing MA support

Aug 4, 2022
NZDUSD moves back higher after testing MA support

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NZDUSD strikes again away from MA ranges

The transfer again to the upside has seen the pair first retest the 200 hour MA close to 0.62728 earlier than resuming the transfer greater. The transfer greater has additionally seen the pair transfer again above the 100 hour MA at 0.62867.

The danger is the 100/200 hour MAs now. Keep above is extra bulish.

On the topside getting and staying above 0.6303 is required to maintain the upside momentum going. The swing hello from Friday reached 0.63269. The excessive worth from Mondays commerce prolonged to 0.63519.

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