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- NZD/USD remains below MA (200) H1
NZD/USD remains below MA (200) H1
Today, the NZD/USD pair is trading in the range of $0.6790-0.6835, after reaching a monthly low of $0.6755 yesterday. On the hourly chart, the pair remains below the moving average line MA (200) H1 ($0.6880), and on the four-hour chart it dropped below MA (200) H4 ($0.6865). Technically speaking, the resistance level of $0.6880-0.6900 can keep prices from further growth. The lower bound of $0.6730-55 represents the support level.
⦁ Resistance levels are: $0.6880-0.6900, $0.6965, $0.7035
⦁ Support levels are: $0.6730-55, $0.6675, $0.6630
The main scenario for the pair's promotion — decline to $0.6730-55 (March 15 and April 13 lows) and then maybe to $0.6965 (February 28 low)
An alternative scenario — if the resistance of $0.6880-0.6900 (April 13 high, MA (200) H1) is broken, then the pair may rise to $0.6965 (April 6 high)
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