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- NZD/USD is testing the support of the MA (200) H1
NZD/USD is testing the support of the MA (200) H1
Today, the NZD/USD pair is trading mainly with a decline in the range of $0.7180-0.7210, after a sharp increase in late trading on Friday from $0.7135 to $0.7205. The pair is testing the MA (200) H1 moving average line ($0.7180). On the four-hour chart, the pair remains slightly above MA (200) H4 ($0.7175). Technically speaking, the resistance of $0.7210-25 kept the NZD / USD from rising. If it breaks through, the price may rise to $0.7245. The MA (200) H1 line ($0.7180) is the nearest support. If it is passed, the pair may fall to $0.7165. The most likely range of the pair's movement for today may be hidden within the range of $0.7165-0.7225.
⦁ Resistance levels are: $0.7210-25, $0.7245, $0.7280
⦁ Support levels are: $0.7165, $0.7135, $0.7105
The main scenario for the pair's promotion - correction, breakout of the $0.7210-25 area (January 29 and February 3-4 highs, session high) and maybe a rise to $0.7245 (January 26 high)
An alternative scenario - decline to $0.7165 (January 22 and 26 low) and then may be to $0.7135 (February 2 and 5 low)
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