Quantcast

Forex technical analysis: NZDUSD cracks 100 day MA today but stalls

Correction contained.
The NZDUSD was able to crack below the 100 day MA today at 0.72389. The momentum lower trended the pair to a low of 0.71668, and below the 50% of the move up from the May 11 low (see daily chart) at 0.71874. At the end of August and into September, the price moved