The NZDUSD has seen price action up and down again today.
The latest move higher has seen the pair extend back above the upper swing area floor level on the daily chart at 0.5772 and also briefly above the 100-hour MA at 0.5780. Buyers are trying to make a play BUT they need to get and stay above the 100 bar MA to give more confidence to the buyers. That is the minimum if the customers are going to give some comfort back.
ON a move higher the next target would be at 0.57964 followed by the 200 hour MA drop at 0.5814. If the price cannot get above these levels, the sellers are still playing.
