NZDUSD falls to new session lows.

Technical Analysis

Author: Greg Michalowski | nzdusd

Lowest since December 18

The NZDUSD fell to a new session low and in the process is trading at the lowest level since December 19.  The pair is also falling below the 200 bar MA on the 4-hour chart for the first time since November 13 at 0.6594 and the 38.2% of the move up from the November 8 low at 0.65887.   The price just reached 0.6584. The price has not traded below the 200 bar MA since 
November 11th.

Lowest since December 18
The AUDUSD is also moving to a new session low  and also dipped below its 200 bar MA on the 4-hour chart as well at 0.68809. The low reached 0.65767.

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