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- NZD/USD is testing MA (200) H1.
NZD/USD is testing MA (200) H1.
Today, the NZD/USD pair is trading in the 0.6150-75 range and is testing the MA (200) H1 (0.6155) moving average line on the hourly chart. On the four-hour chart, the pair moved slightly above the MA (200) H4 (0.6130). Technically speaking, the resistance at 0.6195 may keep prices from rising further. In case it is broken, the pair may rise to 0.6220. The lower boundary of 0.6130 represents a strong support level.
Resistances are at the marks: 0.6195, 0.6220, 0.6280-85
An alternative scenario: 0.6150-55, 0.6130, 0.6085
The main scenario of the pair implies a break of resistance at 0.6195 (Feb 21 and 26 highs) and a possible rise to 0.6220 (Feb 22 high).
The alternative scenario implies a break of support at 0.6150-55 (session low, MA (200) H1) and a decline to 0.6130 (Feb 20 low).
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