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- NZD/USD is rising and testing the MA (200) H1.
NZD/USD is rising and testing the MA (200) H1.
Today the NZD/USD pair is mostly rising from 0.5915 to 0.5965 and on the hourly chart the pair is testing the MA (200) H1 moving average line (0.5940). On the four-hour chart, the situation is similar. Technically speaking, the resistance level at 0.5990 may keep prices from further growth. The lower boundary of 0.5890 represents a strong support level.
Resistances are at the marks: 0.5975-90, 0.6015, 0.6120
An alternative scenario: 0.5890-0.5900, 0.5740, 0.5660
The main scenario of the pair suggests a break of resistance at 0.5975-90 (Sept 22 and 25-26 highs) and may be a rise to 0.6015 (Sept 1 high).
The alternative scenario implies a decline to 0.5890-0.5900 (Sept 15-16, 21 and 27 lows).
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