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- NZD/USD is trading near a 2-week high
NZD/USD is trading near a 2-week high
Today, the NZD/USD pair is trading in the range of $0.6110-50 - about a 2-week high. On the hourly chart, the pair rose slightly above the MA (200) H1 moving average line ($0.6065). On the four-hour chart, the pair remains below MA (200) H4 ($0.6175). Technically speaking, the resistance level of $0.6180 can keep the pair from further growth. The lower bound of $0.6030 represents the support level.
Resistances are at the marks: $0.6180, $0.6255, $0.6305
An alternative scenario: $0.6085, $0.6030, $0.5885
The main scenario of the pair's movement assumes a breakout of the support of $0.6085 (June 9 low) and there may be a decline to $0.6030 (June 7-8 low)
An alternative scenario calls for the breakthrough of resistance $0.6180 (May 12 low) and growth to $0.6255 (May 24 highs) is possible.
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