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- NZD/USD remains above the MA (200) Н1.
NZD/USD remains above the MA (200) Н1.
Today, the NZD/USD pair is mostly down from 0.6360 to 0.6305 after hitting a 5.5-month high of 0.6370 yesterday. On the hourly chart, the pair remains above the MA (200) H1 moving average line (0.6290) and on the four-hour chart above the MA (200) H4 (0.6145). Technically speaking, 0.6275 support may keep prices from further declines. If this level is passed, the pair could fall to 0.6240. The upper boundary of 0.6370 represents a strong resistance level.
Resistances are at the marks: 0.6370, 0.6410, 0.6480
An alternative scenario: 0.6275, 0.6240, 0.6200
The main scenario of the pair movement assumes a break of 0.6370 (Dec 28 high) and may be a rise to 0.6410 (July 14 high).
The alternative scenario implies a break of the support at 0.6275 (Dec 22 low) and may be a decline to 0.6240 (Dec 21 low).
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