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- NZD / USD has declined and is testing MA (200) H1
NZD / USD has declined and is testing MA (200) H1
Today, the NZD/USD pair is trading down from $0.7230 to $0.7180 and testing the MA (200) H1 ($0.7200) moving average line. On the four-hour chart, the situation is similar. Technically speaking, the support of $0.7175 may keep the NZD / USD from falling further. If it breaks through, the price may drop to $0.7135. The session high of $0.7230 is the nearest support. If it is passed, the pair can rise to $0.7250. The most likely range of the pair's movement for today may be hidden within the range of $0.7175-$0.7230.
⦁ Resistance levels are: $0.7230-50, $0.7280, $0.7315
⦁ Support levels are: $0.7175, $0.7135, $0.7105
The main scenario for the pair's promotion - correction and, perhaps, growth to $0.7230-50 (February 9-11high, session high)
An alternative scenario - decline to $0.7175 (February 8 low) and then may be to $0.7135 (February 5 low)
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