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- NZD/USD rose to a 3-month high.
NZD/USD rose to a 3-month high.
The NZD/USD pair is mostly rising from 0.6020 to 0.6085 today, hitting a 3-month high. On the hourly chart, the pair rose slightly above the moving average line MA (200) H1 (0.5965) and on the four-hour chart above the MA (200) H4 (0.5915). Technically speaking, resistance at 0.6085 could keep prices from rising further. If this level is passed, the pair could rise to 0.6135. The lower boundary of 0.5840 represents a strong support level.
Resistances are at the marks: 0.6085, 0.6135, 0.6170
An alternative scenario: 0.6005, 0.5940, 0.5860
The main scenario of the pair suggests a break of the session high of 0.6085 and a possible rise to 0.6135 (Aug 4 high)
The alternative scenario implies a break of the support at 0.6005 (low of the US session on Nov 20) and MA (200) H1 (0.5965) and a possible decline to 0.5940 (Nov 17 low).
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