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- NZD/USD is trading near a 13-month low
NZD/USD is trading near a 13-month low
Today, the NZD/USD pair is trading mainly with a decline from $0.6740 to $0.6700 - about the 13-month low reached earlier last week. On the hourly chart, the pair fell below the moving average line MA (200) H1 ($0.6770) and on the four-hour chart - below MA (200) H4 ($0.6910). In this situation, a scenario of further decline of the NZD/USD pair is likely and finding a sell position may be a wise decision.
⦁ Resistance levels are: $0.6740, $0.6770, $0.6800
⦁ Support levels are: $0.6700, $0.6675, $0.6610
The main scenario for the pair's promotion — the support breakthrough is $0.6700 (December 15 low, session minimum) and there may be a decline to $0.6675 (November 5’ 2020 low)
An alternative scenario — correction and there may be an increase to the session maximum of $0.6740
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