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- NZD / USD is trading near a one-month high
NZD / USD is trading near a one-month high
Today, the NZD / USD pair continues to grow and rose to a one-month high of $0.6705. On the hourly chart, the pair rose above the moving average line MA (200) H1 ($0.6630), and on the four - hour chart-above MA (200) H4 ($0.6640). The session high of $0.6705 may keep the pair from further growth. If this level is passed, the NZD / USD may rise to $0.6760. On the other hand, the pair may still fall to the session low of $0.6655. The most likely range of price movement today may be hidden within the range of $0.6655-0.6705
⦁ Resistance levels are at: $0.6705, $0.6760, $0.6795
⦁ Support levels are at: $0.6655, $0.6630, $0.6575
The main scenario for the pair's promotion - break of the session high of $0.6705 and possible growth of the pair to $0.6760 (September 16 high)
An alternative scenario - if the session low of $0.6655 breaks, the pair is likely to decline to $0.6630 (October 22 low)
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