Technical Analysis
14.09.2020, 12:16

NZD/USD rose again, and is testing the MA (200) H1

Today, the NZD / USD pair is trading with an increase from $0.6660 to $0.6700, after falling at the end of Friday's trading from $0.6690 to $0.6640. The pair is testing the moving average line of MA (200) H1 ($0.6690), but is trading above MA (200) H4 ($0.6630) on the four-hour chart. In this situation, it is probably worth continuing to stick to the North direction in trading, and it may be worth considering buying during the correction. The most likely range of movement of the pair today can be hidden within the range of $0.6640-0.6710.


Resistance levels are at: $0.6710, $0.6735, $0.6790

Support levels are at: $0.6640, $0.6600, $0.6540


The main scenario for the pair's promotion - if the resistance breaks $0.6710 (September 8 and 10 high), the pair is likely to grow to $0.6735 (September 4 high)

An alternative scenario - breakout of support at $0.6640 (August 28 and September 10-11 low) and likely decline to $0.6600 (August 27 and September 9 low)

Quotes
Symbol Bid Ask Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

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