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- The NZD / USD pair remains near the April 2019 highs
The NZD / USD pair remains near the April 2019 highs
Today, the NZD / USD pair is trading in the range of $0.6860-90, after rising from $0.6840 to $0.6870 since the beginning of trading. On the hourly chart, the pair is trading above the moving average line MA (200) H1 ($0.6810), and on the four - hour chart-above MA (200) H4 ($0.6680). In this situation, finding a buy position can probably be a wise decision for those who want to take advantage of the stronger New Zealand dollar.
⦁ Resistance levels are at: $0.6910, $0.6940, $0.6970
⦁ Support levels are at: $0.6800-10, $0.6750, $0.6680
The main scenario for the pair's promotion - breakout of the $0.6910 resistance (November 12 high) and may be a rise of $0.6940 (March 21’2019 high)
An alternative scenario - breaks of $0.6800-10 (November 10 and 13 lows, MA (200) H1) and decline to $0.6750 (November 6 low)
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