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- NZD/USD rose to a 2-week high
NZD/USD rose to a 2-week high
Today, the NZD/USD pair rose from $0.6675 to $0.6705, reaching a new 2-week high. On the hourly chart, the pair rose above the MA (200) H1 moving average line ($0.6635). On the four-hour chart, the pair remains below MA (200) H1 ($0.6730). Technically speaking, a strong resistance level of $0.6710 can keep prices from rising. If it breaks through, the pair may rise to $0.6735. The lower bound of $0.6625-35 represents the support level.
⦁ Resistance levels are: $0.6710, $0.6766, $0.6805-20
⦁ Support levels are: $0.6675, $0.6625-35, $0.6590
The main scenario for the pair's promotion — if the resistance of $0.6710 (January 25 high) is broken, then the pair can rise to $0.6755 (January 21 high)
An alternative scenario — correction, decline to the session low of $0.6675 and then, maybe, to $0.6625-35 (February 8 low, MA (200) H1)
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