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- NZD/USD remains above MA (200) H1
NZD/USD remains above MA (200) H1
Today, the NZD/USD pair is trading in the range of $0.6305-40 after falling on Monday from a 3.5-month high of $0.6445 to $0.6300. On the hourly chart, NZD/USD remains above the moving average line MA (200) H1 ($0.6295) and on the four-hour chart above MA (200) H4 ($0.6055). Technically speaking, the support of $0.6295-06300 can keep prices from further decline. The upper limit of $0.6445-70 represents the resistance level.
Resistances are at the marks: $0.6355, $0.6445, $0.6540
An alternative scenario: $0,6295-06300, $0,6190, $0,6155
The main scenario of the pair's movement suggests an increase to $0.6445-70 (August 12 and December 5 highs)
An alternative scenario implies a breakout of the support of $0.6295-06300 (December 5-6 low, MA (200) H1 and there may be a decline to $0.6190 (November 30 low)
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