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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 0.6145-75 range and is testing the MA (200) H1 moving average line (0.6155) on the hourly chart. On the four-hour chart, the pair remains above the MA (200) H4 (0.5995). Technically speaking, the resistance at 0.6190 may keep prices from rising further. If this level is passed, the pair could move up to 0.6220-25. The lower boundary of 0.6060 represents a strong support level.
Resistances are at the marks: 0.6190, 0.6220-25, 0.6275
An alternative scenario: 0.6115, 0.6060, 0.5995
The main scenario implies a break of resistance at 0.6190 (Dec 7 high) and a possible rise to 0.6220-25 (July 31 and Dec 4 high)
The alternative scenario implies a break of yesterday's low of 0.6115 and a decline to 0.6060 (Nov 27 low).
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