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- NZD / USD is trading near the highs of the end of April 2018
NZD / USD is trading near the highs of the end of April 2018
Today, the NZD / USD pair fell slightly to $0.7045, retreating from the high of April 27, 2018 ($0.7100) reached yesterday. On the hourly chart, the pair is trading above the moving average line of MA (200) H1 ($0.7025), and on the four - hour chart it is significantly higher than MA (200) H4 ($0.6830). In this situation, finding a buy position may be a wise decision for those who want to take advantage of the stronger New Zealand dollar. It is worth noting that the 14-day relative strength index (RSI (14) on D1) is above the level of 70, which signals a possible change in the direction of price movement.
⦁ Resistance levels are: $0.7100, $0.7155, $0.7215
⦁ Support levels are: $0.7025, $0.6990, $0.6960
The main scenario for the pair's promotion - break yesterday's high of $0.7100 (April 27’ 2018 high), and may be a rise to $0.7155 (April 23’ 2018 high)
An alternative scenario - breakout of the MA (200) H1 level ($0.7025) and the pair may decline to $0.6990 (November 26 low)
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