Technical Analysis
04.07.2024, 11:59

NZD/USD is testing MA (200) H1

Today, the NZD/USD pair is mainly growing in the range of 0.6100-20 and is testing the MA (200) H1 (0.6095) moving average line on the hourly chart. On the four-hour chart, the pair is testing MA (200) H1 (0.6120). Technically speaking, the resistance of 0.6150 may have kept the pair from further growth. If this level is broken, NZD/USD may rise to 0.6220. The lower bound of 0.6050 represents a strong support level.


  • Resistances are at the marks: 0.6150, 0.6220, 0.6285


  • An alternative scenario: 0.6095, 0.6050, 0.5980


The main scenario of the pair's movement assumes a breakout of MA (200) H1 (0.6095) and there may be a decrease to 0.6050 (July 2 low).

An alternative scenario implies a breakout of the resistance of 0.6150 (June 18 high) and there may be an increase to 0.6220 (June 12 high)

Quotes
Symbol Bid Ask Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

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