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- NZD/USD fixed above MA (200) H1
NZD/USD fixed above MA (200) H1
Today, since the start of trading, the NZD/USD pair has risen from $0.6835 to $0.6925, reaching an almost 4-month high, but later declined to $0.6865. On the hourly chart, the pair has consolidated above the MA (200) H1 moving average line ($0.6765). The situation is similar on the four-hour chart. Technically speaking, the resistance level of $0.6925 can keep prices from rising further. The lower bound of $0.6740-65 represents the support level.
⦁ Resistance levels are: $0.6925, $0.6955, $0.7015
⦁ Support levels are: $0.6835, $0.6740-65, $0.6675
The main scenario for the pair's promotion — breakout of the session high of $0.6925 and there may be an increase to $0.6955 (November 24’ 2021 high)
An alternative scenario — correction and there may be a decrease to $0.6740-65 (March 1-4 low, MA (200) H1)
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