Technical Analysis
14.03.2023, 13:16

NZD/USD is growing and testing MA (200) H1

Today, the NZD/USD pair is mainly growing from $0.6195 to $0.6245 after rising yesterday to a 2-week high of $0.6265. On the hourly chart, the pair rose above the MA (200) H1 moving average line ($0.6140). On the four-hour chart, the pair remains below MA (200) H4 ($0.6280). Technically speaking, a strong resistance level of $0.6265-75 may keep prices from rising further. The lower bound of $0.6085-90 represents the support level.



  • Resistances are at the marks: $0.6265-75, $0.6310, $0.6390


  • An alternative scenario: $0,6195, $0,6140, $0,6085-90


The main scenario of the pair's movement assumes a breakout of the resistance of $0.6265-76 (March 1 and 13 highs) and there may be an increase to $0.6310 (February 16 high).

An alternative scenario implies a breakout of the session minimum of $0.6195 and there may be a decline to $0.6085-90 (March 8 and 10 low).


Quotes
Symbol Bid Ask Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

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