NZDUSD runs higher as risk on flows send the pair higher. Lower yields. Higher stocks.
globalreutersMay 15, 20241 Mins read The NZDUSD is racing higher today as “risk-on” flows = Buy NZDUSD (at least today).
Technically, the price moved back above the 100 day MA at 0.6088 and then the 50% of the move down from the December 2023 high at 0.6109. Those levels are now close risk levels for buyers. Staying above give the buyers the control. It would take a move below each of those levels to tilt the bias back to the downside (and disappoint the buyers on the breaks higher).
Buyers making a play. How much can they now take the pair to the upside?
This article was written by Greg Michalowski at www.forexlive.com.
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This article was written by Greg Michalowski at www.forexlive.com.
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