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- NZD/USD remains above MA (200) H1
NZD/USD remains above MA (200) H1
Today, the NZD/USD pair is trading in the range of $0.6800-50 after reaching an almost 4-month high of $0.6925 yesterday. On the hourly chart, the pair has consolidated above the MA (200) H1 moving average line ($0.6780). The situation is similar on the four-hour chart. Technically speaking, the resistance level of $0.6925 can keep prices from rising. The lower bound of $0.6740 represents the support level.
⦁ Resistance levels are: $0.6850, $0.6925, $0.6955
⦁ Support levels are: $0.6780, $0.6740, $0.6675
The main scenario for the pair's promotion — breakout of the session high of $0.6850 and there may be an increase to $0.6925 (March 7 high)
An alternative scenario — breakout of the MA (200) H1 level ($0.6780) and there may be a decline to $0.6740 (March 1-4 high)
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