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- NZD/USD is testing MA (200) H1
NZD/USD is testing MA (200) H1
Today, the NZD/USD pair is trading mainly with a decline from $0.6810 to $0.6755 and is testing the MA (200) H1 moving average line ($0.6795) on the hourly chart. On the four-hour chart, the pair is trading below MA (200) H4 ($0.6980). Technically speaking, the support of $0.6765 may keep prices from further decline. If it breaks through, prices may drop to $0.6735. The upper bound of $0.6830 represents the resistance level.
⦁ Resistance levels are: $0.6830, $0.6865, $0.6895
⦁ Support levels are: $0.6765, $0.6735, $0.6675
The main scenario for the pair's promotion — support breakout is $0.6765 (December 8 minimum) and there may be a decline to $0.6735 (December 6-7 low)
An alternative scenario — resistance breakout is $0.6825-30 (December 2 and 9 highs) and there may be an increase to $0.6865 (December 1 high)
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