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.