Technical analysis

07 April 2021

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)


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