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- NZD/USD remains above the MA (200) Н1
NZD/USD remains above the MA (200) Н1
Today, the NZD/USD pair is mostly declining from $0.6345 to $0.6280 after rising last week to a 5-month high of $0.6410. On the hourly chart, the pair remains slightly above the MA (200) H1 moving average line ($0.6265). On the four-hour chart, the situation is similar. Technically speaking, the strong resistance level at $0.6410 may keep prices from further growth. In case of its breakdown, the pair may soar to $0.6480. The lower boundary of $0.6165 represents a support level. The most probable range of the pair's movement for today may be hidden within the existing range of $0.6165-0.6345.
Resistances are at the marks: $0.6345, $0.6410, $0.6480
An alternative scenario: $0.6265, $0.6165, $0.6125
The main scenario of the pair suggests a break of the session high of $0.6345 and may be a rise to $0.6410 (July 14 high)
Alternative scenario implies a break of MA (200) H1 ($0.6265) and may be a decline to $0.6165 (July 10-11 low).
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