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- NZD/USD is trading slightly below MA (200) H1
NZD/USD is trading slightly below MA (200) H1
Today, the NZD/USD pair is trading in the range of $0.6755-90 and on the hourly chart fell slightly below the MA (200) H1 moving average line ($0.6800). The situation is similar on the four-hour chart. Technically speaking, the resistance of $0.6820 can keep the pair from rising. The lower bound of $0.6730-50 represents the support level.
⦁ Resistance levels are: $0.6800-20, $0.6875-90, $0.6955
⦁ Support levels are: $0.6730-50, $0.6700, $0.6610
The main scenario for the pair's promotion —growth to $0.6800-20 (January 17-19 highs) and then maybe to $0.6875-90 (January 13-14 highs)
An alternative scenario — support breakout of $0.6730-50 (January 6-11 and 18 lows) and may be a decline to $0.6700 (December 20 low)
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