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- NZD/USD has fallen to the lows of April 2020
NZD/USD has fallen to the lows of April 2020
Today, the NZD/USD pair is declining from $0.5975 to $0.5900, having reached the lows of April 2020. On the hourly chart, the pair dropped below the MA (200) H1 moving average line ($0.6030). On the four-hour chart, NZD/USD remains below MA (200) H4 ($0.6170). Technically speaking, the support of $0.5840 can keep prices from further decline. The upper limit of $0.6025-40 represents the resistance level.
Resistances are at the marks: $0,5975, $0,6025-30, $0,6095
An alternative scenario: $0,5840, $0,5775, $0,5585
The main scenario of the pair's movement assumes a decline to $0.5840 (April 3’ 2020 low)
An alternative scenario for the pair's promotion implies a breakout of the session maximum of $0,5975 and there may be an increase to $0.6025-30 (September 14 high, MA (200) H1)
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