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- The NZD/USD pair fell below the MA (200) H1
The NZD/USD pair fell below the MA (200) H1
Today, the NZD/USD pair is trading mainly with a decline in the range of $0.7165-0.7215 and on the hourly chart fell below the MA (200) H1 moving average line ($0.7205). On the four-hour chart, the situation is similar. Technically speaking, the $0.7165 support level may keep prices from falling further. The upper bound of $0.7215 represents the resistance level. The most likely range of the pair's movement for today may be hidden within the range of $0.7165-0.7215.
⦁ Resistance levels are: $0.7205-15, $0.7240, $0.7285
⦁ Support levels are: $0.7165, $0.7115-25, $0.7050
The main scenario for the pair's promotion - a break of the support of $0.7165 (June 9-10 low, session low) and may be a decline to $0.7125 (June 3 low)
An alternative scenario - if the $0.7205-15 (June 9 high, MA (200) H1) is broken, the pair may rise to $0.7240 (June 7 high).
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