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- NZD/USD is trading slightly above MA (200) H1
NZD/USD is trading slightly above MA (200) H1
Today, the NZD/USD pair is trading in the range of 0.6110-25 and has risen slightly above 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 (0.6125). 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)
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