100 hour MA and trend line tested and holds. Watching 0.7532.
The NZDUSD has been testing the 100 hour MA and trend line support at the 0.7511-15 area. Stay above this area and the buyers remain in control. Move below and there should be some further liquidation selling.
ON the topside, watch the 0.7532 level for upside clues. That level corresponds with the 50% retracement of the move down from the January 2015 high to the February 2015 low (see daily chart below).
