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- NZD/USD is testing MA (200) H1
NZD/USD is testing MA (200) H1
Today, the NZD/USD pair is mainly growing from $0.6095 to $0.6165, after rising last week to a 2.5-month high of $0.6205. On the hourly chart, the pair is testing the moving average line MA (200) H1 ($0.6100), but on the four-hour chart it remains above MA (200) H4 ($0.5835). Technically speaking, the resistance of $0.6205 may keep prices from rising further. The lower bound of $0.5985 represents the support level.
Resistances are at the marks: $0.6205, $0.6250, $0,6380
An alternative scenario: $0,6065, $0,5985, $0,5840
The main scenario of the pair's movement assumes a breakout of the resistance of $0.6205 (November 15 high) and there may be an increase to $0.6250 (August 25 high)
An alternative scenario implies a breakout of the support of $0.6065 (November 17 low) and there may be a decline to $0.5985 (November 11 low)
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