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- NZD/USD rose to a weekly high
NZD/USD rose to a weekly high
Today, the NZD/USD pair is trading mainly with an increase from $0.6760 to $0.6825, reaching a weekly high. On the hourly chart, the pair rose slightly above the moving average line MA (200) H1 ($0.6770), but on the four-hour chart it remains below MA (200) H4 ($0.6930). Technically speaking, the resistance of $0.6830 may keep prices from rising further. If it breaks through, prices may rise to $0.6870. The lower bound of $0.6770 represents the support level.
⦁ Resistance levels are: $0.6830, $0.6870, $0.6960
⦁ Support levels are:$0.6760-70, $0.6700-25, $0.6675
The main scenario for the pair's promotion — correction and may be a decline to $0.6760-70 (session low, MA (200) H1)
An alternative scenario — the resistance breakout is $0.6830 (December 2 high) and there may be an increase to $0.6870 (December 1 high)
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