20:24 The NZD/USD pair again rose above the MA (200) H1
Today, the NZD/USD pair rose from $0.7000 to $0.7050, regaining most of the positions lost yesterday. The pair has risen above the MA (200) H1 ($0.7015) moving average line, but is trading well below MA (200) H4 ($1.7145) on the four-hour chart. Technically speaking, the $0.7070 resistance may keep the pair from rising further. If it breaks through, prices may rise to $0.7100. The lower bound of $0.6995-0.7010 represents the main support level. The most likely range of price movement for today may be hidden within the range of $0.6995-0.7070.
⦁ Resistance levels are: $0.7070, $0.7100, $0.7185
⦁ Support levels are: $0.6995-0.7010, $0.6940, $0.6895
The main scenario for the pair's promotion - correction and may be a decline to $0.6995-0.7010 (April 6-7 lows, MA (200) H1)
An alternative scenario - growth to $0.7070 (April 5-7 high) and then, maybe, to $0.7100 (March 5-9 low)
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