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- NZD/USD is trading near a 4-month high.
NZD/USD is trading near a 4-month high.
Today, the NZD/USD pair is trading in the range of 0.6170-0.6220 - near the 4-month high. On the hourly chart, the pair remains above the MA (200) H1 moving average line (0.6110) and on the four-hour chart above the MA (200) H4 (0.5955). Technically speaking, resistance at 0.6220-25 may keep prices from rising further. If this level is passed, the pair could rise towards 0.6275. The lower boundary of 0.6060 represents a strong support level.
Resistances are at the marks: 0.6210-25, 0.6275, 0.6310
An alternative scenario: 0.6100-20, 0.6060, 0.5995
The main scenario for the pair suggests a break of the resistance at 0.6220-25 (July 30 high, session high) and there may be a rise to 0.6275 (July 27 high)
Alternative scenario implies a break of support 0.6110-20 (Nov 30 low, MA (200) H1) and there may be a decline to 0.6060 (Nov 27 low).
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