First look below since November 6th
Heads up.
The NZDUSD has dipped below the 100 day MA at 0.66689. That move is the first since November 6th. Today the price has also moved away from the 50% retracement of the move up from the September low. At the end of December, the price dipped below that 50% level, but momentum was slow on the breaks. Today's move is with more momentum.
Drilling to the hourly chart below, the price has also moved below a lower trend line at 0.6680. That level could also be a risk barometer for the pair today. Stay below keeps the sellers in control. Move above and things are more bullish....
