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- The NZD/USD pair fell below the MA (200) H1
The NZD/USD pair fell below the MA (200) H1
Today, the NZD/USD pair fell from $0.7160 to $0.7105, reaching a ten-day low. On the hourly chart, the pair fell below the moving average line MA (200) H1 ($0.7160) and on the four - hour chart-below MA (200) H4 ($0.7160). Technically speaking, the support of $0.7080-95 may keep the NZD / USD from falling further. If it breaks through, the price may fall to $0.7030. The MA (200) H1 ($0.7170) level is the nearest resistance. If it is passed, the pair may follow the correction to $0.7245. The most likely range of the pair's movement for today may be hidden within the existing range of $0.7080-1.7170
⦁ Resistance levels are: $0.7170, $0.7245, $0.7280
⦁ Support levels are: $0.7080-95, $0.7030, $0.7000
The main scenario for the pair's promotion - decline to $0.7080-95 (December 28-29 and January 18 lows), and then there may be a drop to $0.7030 (December 22-23 low)
An alternative scenario - if the resistance of MA (200) H1 ($0.7170) is broken, the pair may rise to $0.7245 (January 26 high)
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