NZDUSD tests hourly MAs on corrective move higher


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100 and 200 hour MA stalling the rally

The NZDUSD fell toward the 0.6600 level earlier today and in the process tested the swing low from September 20 and a lower channel trend line (It was also a 50% retracement level.  I outlined the level in a post yesterday — CLICK HERE). 

The rally off the low has moved to a new session in the current hour. At the high the price tested the 100 hour MA and the 200 hour MA at the 0.66398-419 area.  The high reached 0.6639, and sellers leaned.  
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