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- The NZD / USD pair rose to the highs of the end of April 2018
The NZD / USD pair rose to the highs of the end of April 2018
Today, the NZD / USD pair continues to grow, reaching a high of the end of April 2018 ($0.7195). The pair broke through the $0.7170 resistance, which became the closest support. NZD / USD remains above the MA (200) H1 moving average line ($0.7110) and above MA (200) H4 ($0.7025) on the four - hour chart. 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: $0.7220, $0.7270, $0.7340
⦁ Support levels are: $0.7170, $0.7110, $0.7080
The main scenario for the pair's promotion - continuation of the upward movement to $0.7220 (maximum on April 24’ 2018)
An alternative scenario - breakout of the support of $0.7170 (December 17 high) and may be a decline of the pair to MA (200) H1 ($0.7110)
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