{"id":1232,"date":"2021-05-28T13:13:01","date_gmt":"2021-05-28T16:13:01","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1232"},"modified":"2021-05-28T13:13:03","modified_gmt":"2021-05-28T16:13:03","slug":"lows-stalled-at-61-8-retracement-of-last-move-higher","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/05\/28\/lows-stalled-at-61-8-retracement-of-last-move-higher\/","title":{"rendered":"Lows stalled at 61.8% retracement of last move higher"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>The NZDUSD has snapped up to retest the 100 hour MA at 0.72587. The pair has found sellers on the test, but be warned, the London\u00a0fixing is approaching at the top of the hour.\u00a0 Anything can happen.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/az705044.vo.msecnd.net\/20210528\/snag_10179056.png\" alt=\"NZDUSD retest its 100 hour moving average\"\/><\/figure>\n\n\n\n<p>For the week, the\u00a0low was reached on Monday. That\u00a0low stalled near the lows from last weekend swing low is going back to May 12 and May 13th as well (\u00a0see red numbered circles).\u00a0<\/p>\n\n\n\n<p><br>The high for the week\u00a0moved above the most recent swing high from May 10 near 0.7304, on its way to the high on\u00a0Wednesday at 0.73157, but stalled and corrected.\u00a0 \u00a0The correction\u00a0in two Thursday stalled near swing high from May 18 and\u00a0rebounded higher.\u00a0\u00a0<br><\/p>\n\n\n\n<p>Today, the\u00a0buyers turned sellers, the\u00a0pair fell below the low from Thursday and\u00a0you down through the\u00a0100 hour moving average, 200 hour MA, but\u00a0stall at the 61.8% retracement of the move up from the\u00a0May 19 low at\u00a00.72118.<\/p>\n\n\n\n<p><br>Now with the 100 hour MA in play, sellers are\u00a0trying to keep more of a bearish bias below that level.\u00a0\u00a0However the pair will need to\u00a0also get back below the 200 hour moving average at\u00a00.72276 to\u00a0increase the bearish bias.\u00a0<\/p>\n\n\n\n<p><em>Source:<a href=\"https:\/\/www.forexlive.com\/technical-analysis\/!\/nzdusd-snaps-up-to-test-100-hour-ma-20210528\" data-type=\"URL\" data-id=\"https:\/\/www.forexlive.com\/technical-analysis\/!\/nzdusd-snaps-up-to-test-100-hour-ma-20210528\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.forexlive.com\/technical-analysis\/!\/nzdusd-snaps-up-to-test-100-hour-ma-20210528<\/a><\/em><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The NZDUSD has snapped up to retest the 100 hour MA at 0.72587. The pair has found sellers on the test, but be warned, the London\u00a0fixing is approaching at the top of the hour.\u00a0 Anything can happen. For the week, the\u00a0low was reached on Monday. That\u00a0low stalled near the lows from last weekend swing low [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1040,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":{"0":"post-1232","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-news"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1232"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1232\/revisions"}],"predecessor-version":[{"id":1233,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1232\/revisions\/1233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1040"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}