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- NZD / USD remains below MA (200) H1
NZD / USD remains below MA (200) H1
Today, the NZD / USD pair fell sharply from $0.7105 to $0.7040, and fell below the MA (200) H1 moving average line ($0.7095). During writing, the pair regained some of its lost positions and rose to $0.7075. On the four-hour chart, the pair remains above MA (200) H4 ($0.6985). 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 $0.7040-0.7120.
⦁ Resistance levels are: $0.7120, $0.7170, $0.7215
⦁ Support levels are: $0.7040, $0.7000, $0.6960
The main scenario for the pair's promotion - correction, breakout of MA (200) H1 ($0.7095) and may be an increase in the pair to $0.7120 (December 14 and 17 high)
An alternative scenario - break of the session low of $0.7040, and there may be a decline in the pair to $0.7000 (December 21 low)
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