St. Louis Fed President James Bullard said on Thursday that the second-quarter GDP was a bit lower than expected six or eight weeks ago but noted that
NZDUSD moves back above the 200 hour MA. Can the buyers keep the momentum going on the break?
The 200 hour MA was broken earlier in the NZDUSD but the break failed. The NZDUSD - like some other pairs today - are experiencing up and down price action. The price did run higher early in the NY session to new session highs. However, the move above the 200 hour MA could not be sustained,