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- NZD/USD is testing MA (200) H1
NZD/USD is testing MA (200) H1
Today, the NZD/USD pair is trading in the range of 0.6160-95 and is testing the average MA (200) H1 (0.6175) line on the hourly chart. On the four-hour chart, the pair remains above MA (200) H1 (0.6105). Technically speaking, the resistance of 0.6195 is still keeping the pair from further growth. In case of breaking through this level, NZD/USD may rise to 0.6300. The lower bound of 0.6110 represents a strong support level.
Resistances are at the marks: 0.6195, 0.6255, 0.6300.
An alternative scenario: 0.6110, 0.6050, 0.5975
The main scenario of the pair's movement assumes a breakout of the session high of 0.6195 and resistance of 0.6255 (Sept 6 high) and there may be an increase to 0.6300 (Aug 29 high)
An alternative scenario implies a breakout of support 0.6110 (Sept 11 low) and there may be a decrease to 0.6050 (Aug 19 low)
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