Technical analysis

31 July 2020

20:04 NZD / USD fell sharply after reaching a new high since the beginning of January

Today, since the beginning of trading, the NZD/USD pair has grown reaching a new high since the beginning of January ($0.6715), but then sharply declined and is trying to break the strength of the MA (200) H1 moving average line ($0.6655). On the four-hour chart, the pair is trading above MA (200) H4 ($0.6540).


Resistance levels are at: $0.6690, $0.6715, $0.6755

Support levels are at: $0.6615-20, $0.6560, $0.6500

NZD / USD fell sharply after reaching a new high since the beginning of January 31.07.2020

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