NZDUSD bounces off the 100 hour MA at 0.5948 currently. That is now close support.
The NZDUSD moved lower during the Asian-Pacific session in sympathy with the broader US dollar strength. However, each dip toward the rising 100-hour moving average attracted willing buyers, with the pair bouncing on several separate tests of that key support level. The inability to break below the 100-hour moving average helped give buyers the green…
