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- NZD / USD pair declines, but remains above MA (200) H1
NZD / USD pair declines, but remains above MA (200) H1
Today, the NZD/USD pair declined from $0.7245 to $0.7185, but remains 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). Technically speaking, the support of $0.7165-70 may keep the NZD / USD from falling further. If it breaks through, the price may fall to $0.7080-95. Yesterday's high of $0.7245 is the nearest resistance. If it is passed, the pair may follow the correction to $0.7280. The most likely range of the pair's movement for today may be hidden within the existing range of $0.7165-1.7245.
⦁ Resistance levels are: $0.7245, $0.7280, $0.7315
⦁ Support levels are: $0.7165-70, $0.7080-95, $0.7030
The main scenario for the pair's promotion - resistance break of $0.7245 (January 26 high), and then maybe a rise to $0.7280 (January 8 high)
An alternative scenario - if the support of $0.7165-70 (January 22-26 lows, MA (200) H1) is broken, the pair may fall to $0.7095 (January18 low)
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