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- NZD / USD rose above MA (200) H1
NZD / USD rose above MA (200) H1
Today, the NZD/USD pair is trading with an increase from $0.6950 to $0.7005 and on the hourly chart it rose above the MA (200) H1 moving average line ($0.6955). On the four-hour chart, the pair is trying to test the strength of MA (200) H4 ($0.7005). Technically speaking, a strong resistance level of $0.7010 can keep prices from further growth. If it breaks through, the pair may soar to $0.7030-40. The lower limit of $0.6940-55 represents the support level.
⦁ Resistance levels are: $0.7010, $0.7030-40, $0.7060
⦁ Support levels are: $0.6940-55, $0.6880-95, $0.6810
The main scenario for the pair's promotion - the resistance break is $0.7010 (July 26 high) and there may be an increase to $0.7030-40 (July 14-16 highs)
An alternative scenario - correction and there may be a decline to $0.6940-55 (July 27 low, MA (200) H1, session low)
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