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- NZD / USD remains above MA (200) H1
NZD / USD remains above MA (200) H1
Today, the NZD/USD pair is moving mainly with growth in the range of $0.7230-60 and on the hourly chart remains above the moving average of MA (200) H1 ($0.7230). On the four-hour chart, the pair is trading above MA (200) H4 ($1.7210). In this situation, it is probably worth sticking to the north direction in trading and, perhaps, you should look for exit points to buy.
⦁ Resistance levels are: $0.7270, $0.7315, $0.7380
⦁ Support levels are: $0.7210-30, $0.7135-55, $0.7115
The main scenario for the pair's promotion - break of the resistance of $0.7270 (May 18 high) and may be a rise to $0.7315 (May 26 high)
An alternative scenario - if the support of $0.7210-30 (May 25 and 28 lows, MA (200) H1) is broken, the pair may fall to $0.7135-55 (May 13, 19 and 21lows)
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