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- NZD/USD rose to a one-month high.
NZD/USD rose to a one-month high.
Today, the NZD/USD pair is mostly rising in the 0.6130-80 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 0.6205 may keep prices from rising further. The lower boundary of 0.6085 represents a strong support level.
Resistances are at the marks: 0.6205, 0.6280-85, 0.6320
An alternative scenario: 0.6130, 0.6085, 0.6040-50
The main scenario of the pair movement assumes a break of the resistance at 0.6205 (high of the American session on Jan 15) and there may be a rise to 0.6280-85 (Jan 4-5 and 12 highs).
The alternative scenario implies a break of the session low of 0.6130 and MA (200) H1 (0.6110) and there could be a decline to 0.6085 (Feb 16 low).
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