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- NZD/USD rose slightly above the MA (200) H1.
NZD/USD rose slightly above the MA (200) H1.
Today, the NZD/USD pair is mostly rising in the 0.6120-50 range and on the hourly chart, it rose slightly above the MA (200) H1 (0.6110) moving average line. On the four-hour chart, the pair is testing the MA (200) H4 (0.6140). Technically speaking, resistance at 0.6175 may keep prices from rising further. The lower boundary of 0.6040 represents a strong support level.
Resistances are at the marks: 0.6160-75, 0.6205, 0.6280
An alternative scenario: 0.6110, 0.6080, 0.6040-50
The main scenario of the pair implies a break of MA (200) H1 (0.6100) and may be a decline to 0.6080 (Feb 15 ow)
The alternative scenario implies a break of 0.6160-75 (Jan 31, Feb 2 and 9 highs) and may be a rise to 0.6205 (high of the US session on Jan 15).
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