Tests 200 bar MA and lower trend line…
The NZDUSD has extended to a lower trend line and the 200 bar MA on the 4-hour chart. This is a low risk area in a tumbling market. The range today in the NZDUSD is above the 22 day average (106 pips vs 82 pips). So it is 129% of what is normal. Is that enough to catch a falling knife against support?