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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 $0.7000-40 and is testing the MA (200) H1 ($0.7030) moving average line On the four-hour chart, the pair is trading well below MA (200) H4 ($1.7115). Technically speaking, the resistance of $0.7040 kept the pair from further growth. If it breaks through, prices may rise to $0.7070. The lower bound of $0.6995 represents the main support level. The most likely range of price movement for today may be hidden within the range of $0.6995-0.7070.
⦁ Resistance levels are: $0.7040, $0.7070, $0.7100
⦁ Support levels are: $0.6995-0.7000, $0.6940, $0.6895
The main scenario for the pair's promotion - if the support of $0.6995-0.7000 (April 7 low, session low) is broken, the pair may fall to $0.6940 (April 1 low)
An alternative scenario - breakout of the session high of $0.7040 and may be an increase to $0.7070 (April 5-7 high)
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