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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, during European trading, the NZD/USD pair rose from $0.7165 to $0.7225 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 ($0.7150). 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: $0.7165-70, $0.7080-95, $0.7030
The main scenario for the pair's promotion - break of the resistance of $0.7240 (January 13-14 highs), and then, maybe, a rise to $0.7280 (January 8 high)
An alternative scenario - if the support of $0.7165-70 (January 22 low, session low, MA (200) H1) is broken, the pair may fall to $0.7095 (January 18 low)
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