100 day MA at 0.6694. 200 day MA at 0.67058
The NZDUSD is banging (well just moving above) the 100 day MA at 0.6694 and trading at the highest high since April 18. That MA is the first target of 3 key levels. The next is the 200 day MA at 0.67058 and the third is the 50% retracement of the move down from the March high at 0.67095.
The key levels should attract sellers with stops on a break above. If the levels are broken, the price has to stay above to keep the bulls in charge (a break and fail would not be welcomed).
Key area folks.
Drilling to the hourly chart below, the pair today based at the 0.66709 level. There are 3 lows in that area. The price is also above the June 7 high at 0.6681. A move back below the 0.6681 and then the floor at 0.66709 would give sellers more confidence.
