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- NZD/USD is trading near a monthly high
NZD/USD is trading near a monthly high
Today, since the start of trading, the NZD/USD pair has risen to a monthly high of $0.6330, but during the European session it fell to $0.6260. On the hourly chart, the pair rose slightly above the MA (200) H1 moving average line ($0.6250). The situation is similar on the four-hour chart. Technically speaking, the support of $0.6185-90 can keep prices from further decline. The upper limit of $0.6330 represents the resistance level.
Resistances are at the marks: $0,6330, $0,6360, $0,6395
An alternative scenario: $0,6245-50, $0,6185-90, $0,6140
The main scenario for encouraging the pair is a breakout of the level MA (200) H1 ($0.6245) and there may be a decrease of $0.6185—90 (July 21 and 27 lows)
An alternative scenario is a breakout of the resistance of $0.6330 (June 24-27 high, session maximum) and there may be an increase to $0.6360 (June 20-21 high)
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