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- The NZD / USD pair fell below MA (200) H1, but remains above MA (200) H4
The NZD / USD pair fell below MA (200) H1, but remains above MA (200) H4
Today, the NZD/USD pair fell from $0.7240 to $0.7180, losing most of the positions won at the end of yesterday's trading. The pair fell below the moving average line of MA (200) H1 ($0.7220) and remains above MA (200) H4 ($0.7110) on the four-hour chart. 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: $0.7145, $0.7085, $0.7030
The main scenario for the pair's promotion - correction, growth to $0.7220-40 (December 31 and January 11 high, session maximum, MA (200) H1) and then may be to $0.7280 (January 8 high)
An alternative scenario - breakout of the support of $0.7145 (January 11 low) and may be a decline of the pair to $0.7085 (December 28-29 low)
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