Technical Analysis
14.01.2022, 13:10

NZD/USD is declining, but remains above MA (200) H1

Today, the NZD/USD pair is trading with a decline from $0.6875 to $0.6835 after rising yesterday to a 6-week high of $0.6890. On the hourly chart, the pair remains above the MA (200) H1 moving average line ($0.6795). The situation is similar on the four-hour chart. Technically speaking, the resistance of $0.6890-95 kept the pair from rising. The lower bound of $0.6795 represents the support level.

Resistance levels are: $0.6890-95, $0.6955, $0.7015

Support levels are: $0.6795, $0.6770, $0.6730

The main scenario for the pair's promotion — correction, and there may be an increase to $0.6890-95 (November 25 and January 13 highs)

An alternative scenario — continuation of the downward movement to MA (200) H1 ($0.6795)

Symbol Bid Ask Time

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