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- NZD / USD declines, but remains above MA (200) H1
NZD / USD declines, but remains above MA (200) H1
Today, the NZD/USD pair is trading mainly with a decline from $0.7260 to 0.7190, but remains above the MA (200) H1 moving average line ($1.7180). On the four-hour chart, the situation is similar. Technically speaking, the support of MA (200) H1 ($1.7180) may keep prices from falling further. The upper bound of $0.7270 represents the nearest resistance level. The most likely range of the pair's movement for today may be hidden within the range of $0.7180-0.7270
⦁ Resistance levels are: $0.7240, $0.7270, $0.7305
⦁ Support levels are: $0.7180, $0.7130-50, $0.7100
The main scenario for the pair's promotion - correction and growth to the session high of $0.7270
An alternative scenario - if the support for MA (200) H1 ($1.7180) is broken, the pair may fall to $0.7130-50 (March 10 and 12 lows)
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