NZD / USD is trading near the highs of the end of July 2019

Today, the NZD / USD pair is trading in the range of $0.6690-0.6730-remains near the highs of the end of July 2019. The pair is trading above the moving average line MA (200) H1 ($0.6690), and on the four - hour chart-above MA (200) H4 ($0.6630). A strong resistance level of $0.6790 (high on July 18-22, 2019 and September 2 high) can keep the kiwi from further growth. If it breaks through, the pair may soar to $0.6840 (high on April 1, 2019). The lower limit of MA (200) H1 ($0.6690) represents the support level. If this level is passed, NZD / USD may follow a correction to $0.6600. The most likely range of the pair's movement to date may be hidden within the range of $0.6690-0.6790.

⦁ Resistance levels are at: $0.6790, $0.6840, $0.6925

⦁ Support levels are at: $0.6690, $0.6600, $0.6540

The main scenario for the pair's promotion - if a strong resistance of $0.6790 breaks through (high of July 18-22, 2019 and September 2 high), the pair is likely to rise to $0.6840 (high of April 1, 2019)

An alternative scenario - breakout of the session low and MA (200) H1 ($0.6690) and likely decline to $0.6600 (August 27 low)