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- NZD/USD is trading near the 10-day low.
NZD/USD is trading near the 10-day low.
The NZD/USD pair is trading in the 0.6105-30 range today after dropping to a 10-day low on Friday. On the hourly chart, the pair fell slightly below the moving average line МА (200) Н1(0.6155). On the four-hour chart, the pair remains above the MA (200) H4 (0.6000). Technically speaking, the support at 0.6100 may keep prices from further declines. If this level is passed, the pair could fall to 0.6060. The upper boundary of 0.6220-25 represents a strong resistance level.
Resistances are at the marks: 0.6155, 0.6190, 0.6220-25
An alternative scenario: 0.6100, 0.6060, 0.5995
The main scenario of the pair suggests a break of resistance at 0.6190 (Dec 7 high) and a possible rise to 0.6220-25 (July 31 and Dec 4 highs)
The alternative scenario implies a break of the support at 0.6100 (Dec 8 low) and a possible decline to 0.6060 (Nov 27 low).
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