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- The NZD / USD pair declined slightly, but remains above the MA (200) H1
The NZD / USD pair declined slightly, but remains above the MA (200) H1
Today, the NZD / USD pair fell slightly to $0.6880, after rising yesterday to a high of $0.6945 at the end of March 2019. On the hourly chart, the pair is trading above the moving average line of MA (200) H1 ($0.6870), and on the four - hour chart it is significantly higher than MA (200) H4 ($0.6705). In this situation, finding a buy position can probably be a wise decision for those who want to take advantage of the stronger New Zealand dollar.
⦁ Resistance levels are at: $0.6945, $0.6970, $0.7055
⦁ Support levels are at: $0.6870, $0.6810, $0.6750
The main scenario for the pair's promotion - breakout of the resistance is $0.6945 (March 21’2019 and November 18 highs) and the pair may rise to $0.6970 (December 4’2018 high)
An alternative scenario - breakout of MA (200) H1 ($0.6870) and may be down to $0.6810 (November 13 low)
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