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- The NZD/USD pair rose above the MA (200) H1
The NZD/USD pair rose above the MA (200) H1
Today, the NZD/USD pair rose from $0.7165 to $0.7220, reaching a nearly one-week high. On the hourly chart, NZD / USD rose above the moving average line of MA (200) H1 ($0.7165), and on the four - hour chart-above MA (200) H4 ($0.7135). In this situation, finding a buy position can be a wise decision for those who want to take advantage of a stronger New Zealand dollar.
⦁ Resistance levels are: $0.7240, $0.7280, $0.7315
⦁ Support levels are: $0.7165, $0.7080-95, $0.7030
The main scenario for the pair's promotion - break of the resistance of $0.7240 (January 13-14 high), and there may be a rise in the pair to $0.7280 (January 8 high)
An alternative scenario - correction, decline to MA (200) H1 ($0.7165) and then maybe to $0.7095 (January 18 low)
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