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- NZD/USD remains above the MA (200)Н1.
NZD/USD remains above the MA (200)Н1.
The NZD/USD pair is trading in the 0.6145-70 range today after rising on Friday to a 3-week high of 0.6220. On the hourly chart, the pair moved slightly above the MA (200) H1 (0.6135) moving average line. On the four-hour chart, the situation is similar. Technically speaking, the resistance at 0.6185 may keep prices from further growth. In case 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: 0.6185, 0.6220, 0.6280-85
An alternative scenario: 0.6135, 0.6070, 0.6040
The main scenario of the pair implies a break of resistance at 0.6185 (March 11 high, session high) and may be up to 0.6220 (Feb and 8 March high)
The alternative scenario implies a break of support 0.6125 (March 12 low, MA (200) H1) and there could be a decline to 0.6070 (March 6 low).
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