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- NZD / USD pair fell below MA (200) H1
NZD / USD pair fell below MA (200) H1
Today, the NZD / USD pair is trading with a decline and fell to a weekly low of $0.7185 and fell below the MA (200) H1 moving average line ($0.7220). On the four-hour chart, the pair remains above the MA (200) H4 ($0.7100). In this situation, while it is worth sticking to the northern direction in trading and at the end of the correction, it may be necessary to look for exit points to buy.
⦁ Resistance levels are: $0.7220-40, $0.7280, $0.7315
⦁ Support levels are: $0.7150, $0.7080, $0.7030
The main scenario for the pair's promotion - correction, growth to $0.7220-40 (December 31 high, session high, MA (200) H1) and then may be to $0.7280 (January 8 high)
An alternative scenario - breakout of the support of $0.7150 (January 4 low) and may be a decline of the pair to $0.7080 (December 28-29 low)
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