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- NZD/USD is trading near the lows of the beginning of July 2020
NZD/USD is trading near the lows of the beginning of July 2020
Today, the NZD/USD pair is trading in the range of $0.6465-0.6545 - near the lows of the beginning of July 2020. On the hourly chart, the pair dropped below the moving average line MA (200) H1 ($0.6670) and on the four-hour chart remains below MA (200) H4 ($0.6825). Technically speaking, the support level of $0.6440 can keep prices from further decline. The upper limit of $0.6645-70 represents the resistance level.
⦁ Resistance levels are: $0.6590, $0.6645-70, $0.6740
⦁ Support levels are: $0.6440, $0.6385, $0.6260
The main scenario for the pair's promotion — there may be a decline in the pair to $0.6440 (July 1’ 2020 low)
An alternative scenario — the pair's growth to $0.6590 (April 27 high) and then, maybe, to $0.6645-70 (April 26 high, MA (200) H1)
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