Today, the NZD/USD pair rose from $0.6640 to $0.6695, reaching a 2-week high. On the hourly chart, the pair rose above the MA (200) H1 moving average line ($0.6620). On the four-hour chart, the pair remains below MA (200) H1 ($0.6735). Technically speaking, a strong resistance level of $0.6700-10 can keep prices from rising. If it breaks through, the pair may rise to $0.6735. The lower bound of $0.6620-25 represents the support level.
⦁ Resistance levels are: $0.6700-10, $0.6735, $0.6805-20
⦁ Support levels are: $0.6620-25, $0.6590, $0.6530
The main scenario for the pair's promotion — if the resistance is $0.6700-10 (January 25-26 highs), then the pair may rise to $0.6735 (high of the American session on January 21)
An alternative scenario — correction and there may be a decrease to $0.6620-25 (February 8 low, MA (200) H1)
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