NZDUSD off session lows


The NZD is the weakest of the majors today, but is off session lows

The NZDUSD is the weakest of the majors today, but is rebounding off the session lows.

The NZD is the weakest of the majors today, but is off session lows

The move back to the upside has taken the price back above its 100 hour moving average at 0.7175.  The listed below that moving average earlier in the day but found support buyers near a swing area between 0.7144 and 0.7155. The 200 hour MA at 0.71969 is the next upside target.  Get above and the buyers tips more to the upside.  

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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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