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- NZD/USD is testing the MA (200) H1
NZD/USD is testing the MA (200) H1
Today, the NZD/USD pair is mostly declining from 0.6310 to 0.6225 and is testing the MA (200) H1 (0.6275) moving average line on the hourly chart. On the four-hour chart, the pair remains above the MA (200) H4 (0.6175). Technically speaking, the support at 0.6225 may keep prices from further declines. In case it is broken, the pair may drop to 0.6165. The upper boundary of 0.6410 represents a resistance 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: 0.6225, 0.6165, 0.6125
The main scenario of the pair suggests a rise to 0.6345 (July 18 high) and then, maybe, to $0.6410 (July 14 high)
The alternative scenario implies a break of the session low at 0.6225 and maybe a decline to 0.6165 (July 10-11 low).
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