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- NZD/USD rose to 3-month High
NZD/USD rose to 3-month High
Today, the NZD/USD pair is mostly rising from 0.5745 to 0.5790, reaching a 3-month high. The hourly chart shows an upward trend, as the price is above the MA (200) H1 moving average line (0.5720). The MACD indicator shows an upward trend, and the histogram has formed a steady growth. At the moment, the price is trading near the 0.5790 level. If the breakdown takes place, we can expect a move to 0.5820. In case of a reversal and decline, the key support level remains 0.5680. The trend remains bullish.
Resistances are at the marks: 0.5790, 0.5820, 0.5890
An alternative scenario: 0.5745, 0.5720, 0.5680
The main scenario of the pair's movement implies a breakout of the session high of 0.5790 (Dec 17 high) and there may be an increase to 0.5820 (Dec 12 high)
An alternative scenario suggests a decline to the session low of 0.5745 and then, perhaps, to MA (200) H1 (0.5720).
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