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- The NZD/USD pair rose slightly above the MA (200) H1
The NZD/USD pair rose slightly above the MA (200) H1
Today, the NZD/USD pair continues Friday's growth and rose from $0.6600 to $0.6645, after a sharp decline on Thursday from $0.6660 to $0.6575. On the hourly chart, the pair rose slightly above the moving average line MA (200) H1 ($0.6620), but on the four-hour chart it remains below MA (200) H4 ($0.6650). In case of consolidation above these levels, an uptrend is likely to start forming. Until this happens, you should continue to follow the southern direction in trading and may be worth looking for a point of sale at the end of the correction.
⦁ Resistance levels are at: $0.6670-80, $0.6755, $0.6795
⦁ Support levels are at: $0.6620, $0.6575, $0.6545
The main scenario for the pair's promotion - correction and decline to $0.6575 (October 15 low)
An alternative scenario - in case of consolidation above MA (200) H1 ($0.6630), the pair is likely to grow to $0.6670-80 (October 9-14 highs)
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