NZDUSD: Numerous chop within the buying and selling this week, however the sellers are nonetheless in management

Within the video above, I check out the technicals driving the NZDUSD as we glance towards the brand new buying and selling week.

The sellers are extra in management beneath a cluster of MA with a excessive at zero.5612. If the worth can’t get above these MAs, the sellers are in full management

A transfer above that degree, and there’s nonetheless work to do to take again extra management. Nonetheless, it’s offers the consumers some hope. In the end, it could take a transfer above the 38.2% of the transfer down from the November excessive at zero.5688 for the consumers to indicate they’re critical concerning the upside and provides some sellers some trigger for pause.

This text was written by Emma Wang at www.ubaidahsan.com.



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