NZDUSD making a break to new lows and below the 100/200 hour MAs
More bearish for the pair.
The NZDUSD is making a break to new session lows and in the process is also cracking the 100 and 200 hour MAs. The pair has tried on a few occasions to trade below the MAs today, only to get nowhere, and the price rebounded.
This is another attempt. Traders will want to see this one stick. Risk is the 100 hour MA/38.2% retracement area at 0.72573-625. Stay below, keeps the sellers in control.