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- NZD / USD remains above MA (200) H1
NZD / USD remains above MA (200) H1
Today, the NZD/USD pair is trading in a wide range of $0.7220-70-above the MA (200) H1 moving average line ($0.7210). On the four-hour chart, the situation is similar. Technically speaking, the resistance of $0.7270-80 may keep the NZD / USD from rising. If it breaks through, the price may rise to $0.7315. The MA (200) H1 line ($0.7210) is the nearest support. If it is passed, the pair may fall to $0.7175. The most likely range of the pair's movement for today may be hidden within the existing range of $0.7220-70.
⦁ Resistance levels are: $0.7270-80, $0.7315, $0.7370
⦁ Support levels are: $0.7210, $0.7175, $0.7135
The main scenario for the pair's promotion - correction and may be a rise to $0.7270-80 (Session high, January 8 high).
An alternative scenario - decline to MA (200) H1 ($0.7210) and then maybe to $0.7175 (February 12 low)
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