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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 with an increase in the range from $0.7150-90-slightly below the monthly high of $0.7230 reached on Tuesday. On the hourly chart, the pair remains above the moving average line MA (200) H1 ($0.7155) and on the four - hour chart-above MA (200) H4 ($1.7100). In this situation, it may be worth sticking to the north direction in trading and probably should look for an exit point to buy.
⦁ Resistance levels are: $0.7210-30, $0.7270, $0.7305
⦁ Support levels are: $0.7145-50, $0.7120, $0.7045
The main scenario for the pair's promotion - growth to $0.7210-30 (April 20-22 highs) and then maybe to $0.7270 (March 18 high)
An alternative scenario - breakout of the support $0.7145-50 (April 22 low, session low, MA (200) H1) and may be a decline to $0.7120 (April 19 low)
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