Forex technical analysis: NZDUSD moves higher after RBNZ decision

No change in policy 
The price reaction post the RBNZ statement has been to the upside.
Technically, the NZDUSD moved above it’s 100 bar MA on the 4-hour chart at 0.6938. That is now risk for longs. 

The price is up testing the next upside target at the 38.2% of the move down from the October 16 high. That comes in at 0.6963. The high just ticked to 0.69627. So traders are initially stalling at the retracement level.  
A move above would target the topside trend line 0.6983. The 0.7000-08 is the next step on further upside momentum. 
A move back below the  100 bar MA will muddy the water and disappoint the early buyers. The lower trend line comes in at 0.6904 (call it 0.6900). A move below that and the selling may intensify.  Article Source

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