The NZDUSD sniffed the 100 hour MA and backed off... - ConsultFX

The NZDUSD sniffed the 100 hour MA and backed off...

Fall below the lower trend line stalled and the rally was on. The NZDUSD fell below a lower trend line on the hourly chart yesterday. That is an increase of the downside momentum but that break ultimately failed and today, the price moved higher.