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- NZD/USD remains above the MA (200) H1
NZD/USD remains above the MA (200) H1
The NZD/USD pair is mostly rising from 0.5940 to 0.6000 today, pushing away from the MA (200) H1 (0.5940) moving average line. On the four-hour chart, the pair is trading above the MA (200) H4 (0.5910). Technically speaking, the resistance at 0.6055 may keep prices from rising further. If this level is passed, the pair could rise to 0.6135. The lower boundary of 0.5860 represents a strong support level.
Resistances are at the marks: 0.6055, 0.6135, 0.6170
An alternative scenario: 0.5940, 0.5860, 0.5775-90
The main scenario of the pair suggests a rise to 0.6055 (Oct 11 and Nov 15 highs) and then, maybe, to 0.6135 (Aug 4 high)
The alternative scenario implies a break of the MA (200) H1 (0.5940) and maybe a decline to 0.5860 (Nov 14 low).
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