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- NZD / USD remains above MA (200) H1
NZD / USD remains above MA (200) H1
Today, since the beginning of trading, the NZD/USD pair rose from $0.7100 to $0.7140, but during the European session, the pair fell sharply, losing all the positions won. The pair remains above the moving average line of MA (200) H1 ($0.7095) and on the four - hour chart-above MA (200) H4 ($0.7010). In this situation, finding a buy position can be a wise decision for those who want to take advantage of the stronger new Zealand dollar.
⦁ Resistance levels are: $0.7140, $0.7170, $0.7220
⦁ Support levels are: $0.7090-95, $0.7030, $0.7000
The main scenario for the pair's promotion - breakout of the session high of $0.7140 and the pair may rise to $0.7170 (December 17 high)
An alternative scenario - breakout of MA (200) H1 ($0.7095) and support of $0.7090 (December 24 low), and there may be a decline of the pair to $0.7030 (December 23 low)
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