The NZDUSD dips to the 200 day MA. Head and shoulder neckline broken

Technical Analysis

Author: Greg Michalowski | nzdusd

Can the selling get below the key 200 day MA.


The NZDUSD has moved below a neckline on the hourly chart at the 0.6860 level.  At that level is also the 50% of the move up from the November 23rd low.   

Below those levels is another target at 0.68517 where the 200 day MA is found.  A move below that level, opens the downside toward 0.6932-378. 

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