NZDUSD rally stalls at resistance after CPI spark ...Middle East

Technically, the dip earlier in the day found solid support at the rising 200-hour moving average (now at 0.60225). Buyers leaned against the level and pushed the pair higher, reinforcing its importance going forward. The 100-hour MA just above also adds to the short-term support zone.

? Watch the video for a full technical breakdown, key levels, and the next steps for NZDUSD.

This article was written by Greg Michalowski at www.forexlive.com.

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