20:24 NZD / USD remains above MA (200) H1
Today, the NZD/USD pair is declining from $0.7070 to $0.7030, having lost all the positions gained yesterday. The pair remains above the moving average line of MA (200) H1 ($0.7010), but on the four-hour chart it is trading well below MA (200) H4 ($1.7155). In this situation, it is probably necessary to stick to the southern direction in trading, and it may be worth looking for exit points for selling.
⦁ Resistance levels are: $0.7070, $0.7100, $0.7185
⦁ Support levels are: $0.7005-10, $0.6940, $0.6895
The main scenario for the pair's promotion - break of the support of $0.7005-10 (April 2-6 lows) and may be a decline to $0.6940 (March 25 and April 1 low)
An alternative scenario - growth to $0.7170 (April 5-6 high, session high) and then maybe to $0.7100 (March 5-9 low)
|remaining time till the new event being published|