Technical Analysis
05.08.2022, 11:58

NZD/USD is testing MA (200) H1

Today, the NZD/USD pair is trading in the range of $0.6285 - $0.6310 and is testing the MA (200) H1 ($0.6275) moving average lines on the hourly chart. The situation is similar on the four-hour chart. Technically speaking, the resistance of $0.6315 can keep prices from rising. The lower bound of $0.6185 represents the support level.

  • Resistances are at the marks: $0,6315, $0,6350-60, $0,6395

  • An alternative scenario: $0,6210, $0,6185, $0,6140

The main scenario of the pair's movement implies an increase to $0.6350-60 (June 20-21 and August 1 high)

An alternative scenario is consolidation below MA (200) H1 ($0.6275) and there may be a decline to $0.6185 (July 21 low)

Symbol Bid Ask Time

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