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- NZD/USD is testing MA (200) H1
NZD/USD is testing MA (200) H1
Today, after a decline from the beginning of trading to $0.7150, the NZD/USD pair rose sharply to $0.7205. On the hourly chart, the pair is testing the moving average line MA (200) H1 ($0.7180) and on the four-hour chart, it rose above MA (200) H4 ($0.7160). Technically speaking, the resistance of $0.7245 may keep the NZD / USD from rising further. If it breaks through, the price may rise to $0.7280. The session low of $0.7150 is the nearest support. If it is passed, the pair may fall to $0.7095-0.7105. The most likely range of the pair's movement for today may be hidden within the range of $0.7150-1.7145
⦁ Resistance levels are: $0.7245, $0.7280, $0.7315
⦁ Support levels are: $0.7150, $0.7095-0.7105, $0.7000
The main scenario for the pair's promotion - continuation of the upward movement to $0.7245 (January 26-27 high)
An alternative scenario - if the session low of $0.7150 is broken, the pair may fall to $0.7095-0.7105 (January 18-19 and 28 lows)
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