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- NZD/USD is growing and testing MA (200) H1
NZD/USD is growing and testing MA (200) H1
Today, the NZD/USD pair is trading mainly with growth in the range of $0.6905-40 and on the hourly chart, the pair is testing the moving average line MA (200) H1 ($0.6940), but on the four-hour chart it remains above MA (200) H4 ($0.6830). Technically speaking, the $0.7000 resistance level can keep prices from rising. The lower bound of $0.6865-75 represents the support level.
⦁ Resistance levels are: $0.6940-50, $0.7000, $0.7050
⦁ Support levels are: $0.6895, $0.6865-75, $0.6820
The main scenario for the pair's promotion — the resistance breakout is $0.6940-50 (April 1 high, session maximum, MA (200) H1) and there may be an increase to $0.7000 (March 30 high)
An alternative scenario — support breakout of $0.6895 (April 1 low) and there may be a decline to $0.6865-75 (March 18-19 and 29 lows)
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