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- NZD/USD remains below MA (200) H1
NZD/USD remains below MA (200) H1
Today, the NZD/USD pair is trading mainly with an increase from $0.6380 to $0.6435, retreating from the 3-week low reached yesterday. On the hourly chart, the pair remains below the moving average line MA (200) H1 ($0.6485) and on the four-hour chart, the pair is testing MA (200) H4 ($0.6435). Technically speaking, the support of $0,6360-80 can keep prices from falling. The upper limit of $0.6500 represents the resistance level.
Resistances are at the marks: $0,6460, $0,6500, $0,6535
The support levels are located at: $0,6360-80, $0,6290, $0,6215.
The main scenario for the pair's promotion - support breakout of $0.6360-80 (May 20 and June 9 lows) and may decline to $0.6290 (lows of May 18-19)
An alternative scenario - the resistance breakout is $0.6460 (June 9 high) and there may be an increase to $0.6500 (June 7 high)
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