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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 0.6120-65 range and on the hourly chart it rose slightly above the moving average line MA (200) H1 (0.6120). On the four-hour chart, the situation is similar. Technically speaking, the resistance at 0.6180 may keep prices from further growth. If it is broken, the pair may rise to 0.6220. The lower boundary of 0.6070 represents a strong support level.
Resistances are at the marks: 0.6180, 0.6220, 0.6280
An alternative scenario: 0.6115, 0.6070, 0.6040-50
The main scenario of the pair suggests a break of resistance at 0.6180 (Feb 27-28 high) and a possible rise to 0.6220 (Feb 22 high)
The alternative scenario implies a break of the MA (200) H1 (0.6115) and may be a decline to 0.6070 (March 6 low).
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