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- NZD/USD rose slightly above MA (200) H1
NZD/USD rose slightly above MA (200) H1
Today, the NZD/USD pair is mainly growing from $0.6140 to $0.6190 and on the hourly chart has risen slightly above the MA (200) H1 moving average line ($0.6140). The situation is similar on the four-hour chart. Technically speaking, the resistance level of $0.6200 can keep the pair from further growth. The lower bound of $0.6030-50 represents the support level.
Resistances are at the marks: $0.6200, $0.6225, $0.6250
An alternative scenario: $0.6125-40, $0.6030-50, $0.5985
The main scenario of the pair's movement assumes a breakout of the resistance of $0.6200 (June 27 high) and there may be an increase to $0.6225 (June 22 high)
An alternative scenario implies a breakout of the support of $0.6125-40 (July 3 low, MA (200) H1) and there may be a decline to $0.6030-50 (June 7-8 and 29 lows)
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