The NZDUSD re-tests the 100 day MA

With stocks tumbling, the "risk off" trade is not happening. Will the 100 day MA reverse the rebound though?

The stock markets are getting smashed, but the NZDUSD is moving higher. The typical reaction is "risk off"/sell NZDUSD (as one trade). We are not seeing that. In fact the NZDUSD is trading higher and at NY/London session highs.

In the process, the pair is currently testing the 100 day MA at 0.66693. Just above is the underside of the broken trend line at 0.6677.

Does that area stall the rally? Look for traders to lean against the level on this test, with stops above.