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- NZD / USD stays below MA (200) H1 and tests MA (200) H4
NZD / USD stays below MA (200) H1 and tests MA (200) H4
Today, the NZD/USD pair is trading in a wide range of $0.7180-0.7210-below the MA (200) H1 moving average line ($0.7215). On the four-hour chart, the pair is testing MA (200) H4 ($0.7200). Technically speaking, the support of $0.7175 may keep the NZD / USD from declining. If it breaks through, the price may fall to $0.7135. The MA (200) H1 ($0.7215) line is the nearest resistance. If it is passed, the pair may rise again to 0.7265-80. The most likely range of the pair's movement for today may be hidden within the existing range of $0.7175-0.7210.
⦁ Resistance levels are: $0.7215, $0.7265-80, $0.7315
⦁ Support levels are: $0.7175, $0.7135, $0.7105
The main scenario for the pair's promotion - if the resistance of MA (200) H1 ($0.7215) is broken, the pair can rise to $0.7265-80 (January 8 and February 18 highs)
An alternative scenario - break of the support of $0.7175 (February 12 low) and maybe a rise to $0.7135 (February 2 and 5 low)
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