9 hours up up bars
At the start of the NY trading day, the NZDUSD was pushing above the 100 hour MA (see post). Stay above and close above and the technicals were more bullish. We stayed above.
The targets at the 0.69089, 0.69204 have been taken out . The 38.2% at 0.69237 helped to make the 0.6920-237 a tough area. We are consolidating near the level. Look for sellers with stops above.
The range today has moved up to 73 pips for the pair. The 22 day average is 53 pips. So (like the AUDUSD), the range is a bit extended. Having said that, be careful. The markets are trending and the last 9 hours have shown gains (PS the close last hour was at 0.6915).
