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- NZD/USD fell slightly below the MA (200) Н1.
NZD/USD fell slightly below the MA (200) Н1.
The NZD/USD pair is trading in the 0.6120-65 range today, after declining on Friday to the 10-day low of 0.6100. On the hourly chart, the pair is testing the moving average line MA (200) H1 (0.6150). On the four-hour chart, the pair remains above the MA (200) H4 (0.6010). 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: 0.6140-45, 0.6170-90, 0.6220
An alternative scenario: 0.6060, 0.5995, 0.5940
The main scenario of the pair suggests a break of the session high of 0.6140 and MA (200) H1 (0.6145) and may be a rise to 0.6170-90 (Dec 5-8 and 12 highs)
The alternative scenario implies a break of the support at 0.6060 (Nov 27 low) and a possible decline to 0.5995 (Nov 22 low).
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