Dips below 100 day MA. but back above
The NZDUSD has moved lower on the back of comments from RBNZ Wheeler (CLICK HERE for headlines). The pair moved below the 100 day MA at the 0.6638 level. The price moved to a low of 0.6616 but is currently trading just above that level as sellers on the headlines near the lows are forced to cover.
The 100 day MA will be key level in the new day. The price has closed above that MA line the last 3 trading days. It has not closed above the level since April 30.