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- NZD / USD fell below MA (200) H1
NZD / USD fell below MA (200) H1
Today, the NZD/USD pair fell from $0.7080 to 0.7020, losing most of the positions won yesterday. On the hourly chart, the pair has again fallen below the moving average line MA (200) H1 ($0.7055), but on the four-hour chart it is testing MA (200) H4 ($0.7020). Technically speaking, a strong support level of $0.6980-90 can keep prices from further decline. The upper limit of $0.7055 represents the resistance level. The most likely range of the pair's movement for today may be hidden within the range of $0.6980-0.7090.
⦁ Resistance levels are: $0.7055, $0.7090, $0.7135
⦁ Support levels are: $0.6980-90, $0.6930, $0.6880
The main scenario for the pair's promotion — correction, and there may be a decline to $0.6980-90 (September 21-23 lows).
An alternative scenario — if the level of MA (200) H1 ($0.7055) is broken, the pair can rise to $0.7090 (September 23 high)
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