Tests another swing area as the market threatens to tilt lower
The NZDUSD moved higher today and in the process, traded above a swing area from back in August/September at the 0.6406-09 area. The high, however stalled at 0.6435 which was short of a number of highs from back in September at 0.64433 area (there was a high spike up to 0.6450).
The stall has sent the price back down to test the lower area at 0.6406-09 currently. A move below could see more of a tilt in the downward direction for the pair.
