- Analytics
- Market analysis
- Technical Analysis
- NZD/USD has fallen to a one-week low.
NZD/USD has fallen to a one-week low.
The NZD/USD pair is mostly down from 0.6130 to 0.6090 today, hitting a weekly low. On the hourly chart, the pair fell slightly below the MA (200) H1 (0.6145) moving average line . On the four-hour chart, the situation is similar. Technically speaking, the support at 0.6070 may keep prices from further decline. In case of its breakdown, the pair may fall to 0.6040. The upper boundary of 0.6185 represents a strong resistance level.
Resistances are at the marks: 0.6145, 0.6175-85, 0.6220
An alternative scenario: 0.6070, 0.6040, 0.5995
The main scenario of the pair implies a break of the support at 0.6070 (March 6 low) and may be a decline to 0.6040 (Feb 5 low)
The alternative scenario implies a break of the MA (200) H1 (0.6145) and there could be a rise to 0.6175-85 (March 11-12 and 14 highs).
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