NZDUSD reinforced from several week lows
3/2/2018 9:39:25 AM
The NZDUSD pair trading about 0.7267 area, the pair recovered around 80-pips from previous sessions fluctuate lows and was reinforced by some new USD selling bias.
A survey over buying interest has the possible to keep on arising the pair more near the 0.7288-0.7305, above which the momentum could expand near 0.7344-53 hurdle.
On the other hand, 80-day EMA, near mid-0.7203s, now appears to protect the immediate weakness, which if broken might now turn the pair at risk to head back towards challenging the 0.7203 handle.
FOREX market analysis by FxErvin.