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- NZD/USD rose slightly above MA (200) H1
NZD/USD rose slightly above MA (200) H1
Today, the NZD/USD pair is trading with an increase in the range of $0.6930-85 and on the hourly chart rose slightly above the MA (200) H1 moving average line ($0.6930). On the four-hour chart, the pair is trading above MA (200) H4 ($0.6800). Technically speaking, the resistance level of $0.6990 may keep prices from rising further. The lower bound of $0.6865-75 represents the support level.
⦁ Resistance levels are: $0.6990, $0.7050, $0.7080
⦁ Support levels are: $0.6930, $0.6865-75, $0.6795
The main scenario for the pair's promotion — the resistance breakout is $0.6990 (March 23 and 25 high) and there may be an increase to $0.7050 (November 18 high)
An alternative scenario — support breakthrough of MA (200) H1 ($0.6930) and there may be a decline to $0.6865-75 (March 8-9 lows)
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