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- The NZD / USD pair is trading near a ten-day low
The NZD / USD pair is trading near a ten-day low
Today, the NZD / USD pair fell sharply from $0.7130 to $0.7000, and fell below the MA (200) H1 moving average line ($0.7090). During writing, the pair has risen to $0.7035 and is trading near a ten-day low. On the four-hour chart, the pair remains above the MA (200) H4 ($0.6975). Based on this, it is probably worth sticking to the northern direction in trading and, at the end of the correction, look for an exit point to buy. The most likely range of price movement for today may be hidden within the existing range of $0.7000-90.
⦁ Resistance levels are: $0.7090, $0.7135, $0.7170
⦁ Support levels are: $0.7000, $0.6960, $0.6895
The main scenario for the pair's promotion - correction, breakout of MA (200) H1 ($0.7090) and may be an increase in the pair to $0.7135 (high of the US session on December 18)
An alternative scenario - break of the session low of $0.7000, and there may be a decline in the pair to $0.6960 (November 25 low)
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