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- NZD/USD is growing, testing MA (200) H1
NZD/USD is growing, testing MA (200) H1
Today, the NZD/USD pair is mainly growing in the range of 0.6150-0.6200 and is testing the average MA (200) H1 (0.6170) line on the hourly chart. On the four-hour chart, the pair remains above MA (200) H1 (0.6110). Technically speaking, the resistance of 0.6255 may keep the pair from further growth. In case of breaking through this level, NZD/USD may rise to 0.6300. The lower bound of 0.6105 represents a strong support level.
Resistances are at the marks: 0.6255, 0.6300, 0.6370.
An alternative scenario: 0.6150, 0.6105, 0.6050
The main scenario of the pair's movement assumes a breakout of the 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 0.6150 support (Sept 13 low) and may be a decrease to 0.6105 (Sept 11 low)
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