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- NZD / USD fell below MA (200) H1
NZD / USD fell below MA (200) H1
Today, the NZD/USD pair is trading with a decrease from $0.7020 to $0.6950 and on the hourly chart it fell below the MA (200) H1 moving average line ($0.7010). On the four-hour chart, the pair remains below MA (200) H4 ($0.7115). Technically speaking, the support of $0.6945 can keep prices from further decline. If it breaks through, prices may fall to $0.6920. MA (200) H1 ($0.7010) is a resistance level.
⦁ Resistance levels are: $0.7010, $0.7060, $0.7100
⦁ Support levels are: $0.6945, $0.6920, $0.6895
The main scenario for the pair's promotion - if the support of $0.6945 (July 2 low) is broken, the pair may fall to $0.6920 (June 18 low)
An alternative scenario - correction, and there may be an increase to MA (200) H1 ($0.7010)
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