200 hour MA and trend line
Heads up for next week in the NZDUSD pair.
If you look at the hourly chart of this pair,the price is higher today. Earlier in the day the price moved above the 100 bar MA on the 4-hour chart at 0.6997 (currently – see chart above). The price has been stalling today at the 100 hour MA. That price comes in at 0.7016 currently. The move lower earlier took out the lows for the last two weeks, BUT momentum could not be sustained. There is some bullish. There is some bearish.