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- NZD/USD remains above MA (200) H1
NZD/USD remains above MA (200) H1
Today, the NZD/USD pair is mainly declining in the range of 0.6115-30 after rising during yesterday's trading to a more than 2-week high of 0.6155. On the hourly chart, the pair remains slightly above the moving average line MA (200) H1 (0.6100) and on the four-hour chart it is testing MA (200) H1 (0.6130). Technically speaking, the resistance of 0.6155 has so far 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: 0.6155, 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 (0.6100) and there may be a decrease to 0.6050 (July 2 low).
An alternative scenario implies a breakout of the resistance of 0.6155 (July 8 high) and there may be an increase to 0.6220 (June 12 high)
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