In the video above, I take a look at the technicians driving the NZDUSD as we look towards the new trading week.
The sellers have more control under a group of MA with a high level at 0.5612. If the price cannot go above these MAs, the sellers are in full control
Move above that, and there is still work to be done to restore more control. However, it gives some hope to the customers. Ultimately, it would take a move above the 38.2% retracement from the November high at 0.5688 for the buyers to show that they are serious about the fundamentals and give some reason to of stalled sellers.
