Kiwi Dollar struggles at crucial moving average level ...Middle East

The NZDUSD moved sharply lower yesterday after the Reserve Bank of New Zealand rate decision was unchanged with a more dovish bias. That was in contrast to the market assessment that the central bank would be more hawkish (and perhaps raise rates). Looking at the 4-hour chart, yesterday the price of the pair fell below the 100 and 200-bar moving averages near 0.6127, and then later the 100-day moving average of 0.60933. However, sellers could not push the price below the 200-day moving average currently at 0.60758 (lower green line). The price rebounded into the close yesterday.Today, the price action has continued the ups and downs. The pair moved to a corrective high up to 0.6110 helped

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Kiwi Dollar struggles at crucial moving average level ...Middle East

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