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- NZD/USD dropped to a 2-week low
NZD/USD dropped to a 2-week low
Today, the NZD/USD pair is trading mainly with a decline from $0.6895 to $0.6850 and dropped to a 2-week low. On the hourly chart, the pair is trading slightly below the moving average line MA (200) H1 ($0.6935), and on the four-hour chart it is testing MA (200) H4 ($0.6855). Technically speaking, the support level of $0.6730 can keep prices from falling. The upper bound of $0.6965 represents the resistance level.
⦁ Resistance levels are: $0.6935, $0.6965, $0.7035
⦁ Support levels are: $0.6820, $0.6730, $0.6630
The main scenario for the pair's promotion — support breakout of $0.6820 (March 17 low) and there may be a decline to $0.6730 (March 15 low)
An alternative scenario — correction and there may be an increase in the pair to MA (200) H1 ($0.6935)
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