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- NZD / USD tests MA (200) H1
NZD / USD tests MA (200) H1
Today, the NZD/USD pair is trading in the range of $0.7170-0.7105 and is testing the MA (200) H1 ($1.7180) moving average line. On the four-hour chart, the situation is similar. Technically speaking, the $0.7240 resistance has kept prices from rising further. The lower bound of $0.7150 represents the nearest support level. The most likely range of the pair's movement for today may be hidden within the range of $0.7150-0.7240
⦁ Resistance levels are: $0.7240, $0.7305, $0.7380
⦁ Support levels are: $0.7150, $0.7100, $0.7030
The main scenario for the pair's promotion - correction, growth to $0.7240 (March 11 high) and then maybe to $0.7305 (March 2-3 high)
An alternative scenario - if the support of $0.7150 (March 12 low) is broken, the pair may fall to $0.7100 (March 5-9 low)
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