Sumary of NZDUSD moves back above the 200 hour MA. Can the buyers keep the momentum going on the break?:
- The price did run higher early in the NY session to new session highs.
- Buyers leaned against the lower MA level (see blue line in the chart above), and traders started to bid the price back higher.
- Now, the pair is cracking above the 200 hour MA at 0.69711. Can the price now stay above and push the pair higher?