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- NZD/USD rose to a 2-week high
NZD/USD rose to a 2-week high
Today, the NZD/USD pair is mainly growing in the range of 0.6010-45, reaching a 2-week high. On the hourly chart, the pair rose above the moving average line MA (200) H1 (0.5990), but on the four-hour chart it remains below MA (200) H4 (0.6090). Technically speaking, the resistance of 0.6050 can keep prices from rising further. If it breaks through, the pair may rise to 0.6105. The lower bound of 0.5940 represents a strong support level.
Resistances are at the marks: 0.6050, 0.6105, 0.6175-85
An alternative scenario: 0.5990, 0.5940, 0.5860
The main scenario of the pair's movement assumes a breakout of the resistance of 0.6050 (March 22 high) and there may be an increase to 0.6105 (March 21 high)
An alternative scenario implies a breakthrough of MA (200) H1 (0.5990), there may be a decrease to 0.5940 (April 1-2 low).
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