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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 in the range of $0.6990-$0.7020 and on the hourly chart has risen above the MA (200) H1 moving average line ($0.6965). On the four-hour chart, the pair is trying to test the strength of MA (200) H4 ($0.7000). Technically speaking, the resistance level of $0.7020 can keep prices from further growth. If it breaks through, the pair may soar to $0.7060. The lower limit of $0.6990 represents the support level.
⦁ Resistance levels are: $0.7020, $0.7060, $0.7105
⦁ Support levels are: $0.6990, $0.6950-65, $0.6880-95
The main scenario for the pair's promotion - breakout of the session maximum of $0.7020 (July 29 high) and there may be an increase to $0.7060 (July 7 high)
An alternative scenario - break of the session low of $0.6990 and there may be a decline to $0.6950-65 (July 29 low, MA (200) H1)
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