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- NZD/USD rose to a 5-month high
NZD/USD rose to a 5-month high
Today, the NZD/USD pair is trading in the range of $0.6355-0.6410 - near the 5-month high. On the hourly chart, the pair rose above the MA (200) H1 ($0.6230) moving average line. On the four-hour chart, the situation is similar. In this situation, the scenario of further growth of the pair NZD/USD is likely. Finding a buy position may be a wise decision for those who want to benefit from a stronger New Zealand dollar.
Resistances are at the marks: $0.6410, $0.6480, $0.6540
An alternative scenario: $0.6290, $0.6230, $0.6165
The main scenario of the pair movement implies a break of the session high of $0.6410 and may be a rise to $0.6480 (February 3 high)
The alternative scenario implies a break of the support at $0.6290 (July 13 low) and a possible decline to $0.6165 (July 10-11 low).
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