NZDUSD moves back above the 200 hour MA. Can the buyers keep the momentum going on the break?

nzdusd moves back above the 200 hour ma can the buyers keep the momentum going on the break

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?

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