EURUSD, USDJPY, NZDUSD seeing the USD more higher
The US is finding more of a bid as the NY session comes toward the close.
The EURUSD s moving back toward the lows and the price trades back below the swing area defined in earlier posts today.
The USDCHf is back up at the highs and in the process is testing a topside trend line at 0.9555. A move above would be more bullish.
The NZDUSD has just traded below its 200 day MA at 0.71803 and the low from March 1 at 0.71852. The price has bounced back above the 200 day MA but is stalling ahead of the 0.7185 level. Buyers and sellers are testing the level. Does it bounce?
Looking at the daily chart, the February low reached 0.7175 (see chart below). That will also need to be broken for the sellers now…..