NZDUSD corrects to 200 hour MA and stalls. Can the price get back above the level?

Big move lower but seeing a bounce
The NZDUSD moved sharply lower into the NY morning sesssion. The range for the day is over 150 pips.  IN the process, the 100 hour MA (at 0.60736) was broken, then the 200 hour MA (at 0.6012). The pair reached it's limit at the 61.8% at 0.5952 level.  The