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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 $0.7170 to $0.7215 and rose above the MA (200) H1 moving average line ($0.7170). On the four-hour chart, the pair is trading above MA (200) H4 ($0.7145). 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: $0.7225-40, $0.7280, $0.7315
⦁ Support levels are: $0.7165, $0.7080-95, $0.7030
The main scenario for the pair's promotion - breakout of the area $0.7225-40 (January 13-14 and 21-22 highs), and then maybe rise to $0.7280 (January 8 high)
An alternative scenario - if the support of $0.7165 (January 22 low, MA (200) H1) is broken, the pair may fall to $0.7095 (January 18 low)
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