NZDUSD and AUDUSD also got a shove on the trade headline

Technical Analysis

Author: Greg Michalowski | nzdusd

NZDUSD runs into MA resistance and stalls

The NZDUSD and AUDUSD also got boosts off the hopes for US/China trade agreement. 


For the NZDUSD the price moved from  0.6744 to a a high of 0.6786.   At 0.6784 sits the 200 hour MA and the 200 day MA.  The 50% of the move down is also near the level.  Sellers leaned.

For the AUDUSD, the price surged above its 100 day MA and 200 hour MA (see earlier post) at 0.7174-778.  The price surged to a high of 0.7221 before coming back toward the 100 hour MA at 0.71893.  




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