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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 is trading with growth in the range of $0.7165-0.7225-near the highs of the end of April 2018. The pair remains above the moving average line of MA (200) H1 ($0.7140) and on the four - hour chart-above MA (200) H4 ($0.7055). 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: $0.7240, $0.7270, $0.7340
⦁ Support levels are: $0.7135-50, $0.7080, $0.7030
The main scenario for the pair's promotion - breakout of the $0.7240 resistance (December 31 high) and continuation of the upward movement to $0.7270 (April 20’ 2018 high)
An alternative scenario - breakout of the support of $0.7135-50 (December 30 and January 4 lows, MA (200) H1) and may be a decline in the pair to $0.7080 (December 28-29 low)
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