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- NZD/USD rose slightly above MA (200) H1
NZD/USD rose slightly above MA (200) H1
Today, the NZD/USD pair is mainly growing in the range of 0.5930-65, reaching an almost 2-week high. On the hourly chart, NZD/USD rose slightly above the moving average line MA (200) H1 (0.5915) and on the four-hour chart remained below MA (200) H4 (0.6005). Technically speaking, 0.6015 resistance can keep prices from rising further. If it breaks through, the pair may rise to 0.6045. The lower bound of 0.5850 represents a strong support level.
Resistances are at the marks: 0.6015, 0.6045, 0.6080
An alternative scenario: 0.5915-20, 0.5850, 0.5775-90
The main scenario of the pair's movement assumes a decrease to 0.5915-20 (April 24 low, MA (200) H1) and then, maybe, to 0.5850 (April 19 low)
An alternative scenario implies a breakout and resistance of 0.6015 (April 11 high) and there may be an increase to 0.6045 (April 4 high).
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