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- NZD/USD tests MA (200) H1
NZD/USD tests MA (200) H1
Today, the NZD/USD pair is trading in the 0.610-55 range - near the weekly low. On the hourly chart, the pair is testing the MA (200) H1 moving average line (0.6150), but on the four-hour chart it remains above the MA (200) H4 (0.5985). Technically speaking, resistance at 0.6220-25 could 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: 0.6180, 0.6220-25, 0.6275
An alternative scenario: 0.6115, 0.6060, 0.5995
The main scenario for the pair suggests a break of the resistance at 0.6180 (Dec 5 high, session high) and there could be a rise to 0.6220-25 (July 31 and Dec 4 highs)
The alternative scenario implies a break of the session low of 0.6115 and may be a decline to 0.6060 (Nov 27 low)
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