Technical analysis

04 October 2021

20:30 NZD/USD tests the resistance of MA (200) H1 for strength

Today, the NZD/USD pair is trading mainly with an increase in the range of $0.6925-70, further retreating from the five-week low ($0.6855) reached last week. On the hourly chart, the pair is testing the strength of the MA (200) H1 moving average line ($0.6970). On the four-hour chart, the pair remains below MA (200) H4 ($0.7015). Technically speaking, a strong resistance level of $0.7030 may keep prices from rising further. If it breaks through, prices may rise to $0.7090. The lower bound of $0.6925 represents the support level. The most likely range of the pair's movement for today may be hidden within the range of $0.6925-$0.7030.


Resistance levels are: $0.7030, $0.7090, $0.7135

Support levels are: $0.6925, $0.6860, $0.6805


The main scenario for the pair's promotion — correction, and there may be a decrease to the session minimum of $0.6925.

An alternative scenario — breakout of the level MA (200) H1($0.6970) and there may be an increase to $0.7030 (September 27 high)

05 October 2021, 12:00

EUR/USD remains below MA 200 H1

04 October 2021, 20:12

USD/JPY remains above MA (200) H1

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