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- NZD/USD rose to a near one-month high
NZD/USD rose to a near one-month high
Today, the NZD/USD pair is mainly growing, trading in the range of 0.6260-90, reaching an almost monthly high. On the hourly chart, the pair rose above the average MA (200) H1 (0.6210) line and on the four-hour chart, the pair rose above MA (200) H1 (0.6160). Technically speaking, the resistance of 0.6300 may keep the pair from further growth. In case of breaking through this level, NZD/USD may rise to 0.6370. The lower bound of 0.6210 represents a strong support level.
Resistances are at the marks: 0.6300, 0.6370, 0.6415
An alternative scenario: 0.6260, 0.6210, 0.6150
The main scenario of the pair's movement assumes a breakout of the resistance of 0.6300 (Aug 29 high) and there may be an increase to 0.6370 (Dec 28 high)
An alternative scenario implies a breakout of the session low of 0.6260 and may be a decrease to 0.6210 (Sept 20 low)
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