100 hour MA stalls the correction...
The NZDUSD moved higher after the RBNZ decision/statement and is the strongest currency on the day.
The pair, nevertheless, stalled against trend line resistance in the London session. The price decline fell to support at the 100 hour MA and is back up testing the trend line. A move above should solicit more buying with the 0.7276 and 0.7297 recent swing highs as targets.
Hold the level?
The 100 hour MA remains the level to eye (at 0.7244 now and moving higher).
Overall, the bulls/buyers are more in control, but you can also argue for range trading. The topside trend line needs to be busted....
