Strongest currency of the day gives back some of the gains/positive technicals
The NZD was the strongest currency at the start of the day, and remains the strongest currency as I type - rising against all the major currencies.
However, some of the gains have been taken back and in the process has sent the price back below the 100 bar MA on the 4-hour chart.
Looking at the chart 5-minute chart below, the price has moved above and below that MA line a number of occasions today, but the break is NOT running below the other intraday support targets - yet at least (yellow area at 0.6930-32). However, if the MA becomes a ceiling now, there could be some more give back going forward.
A little negative in what has been a bullish day for the NZDUSD.
