Technical analysis

14 October 2021

20:00 NZD/USD rose to a three-week high

Today, the NZD/USD pair rose sharply from $0.6965 to $0.7030, reaching a three-week high. The pair broke through the resistance of $0.6980, which became the closest support. On the hourly chart, the pair is fixed above the moving average line MA (200) H1 ($0.6940) and on the four-hour chart it is testing MA (200) H4 ($0.7020). In this situation, the scenario of further growth of the NZD/USD pair is likely. Finding a buy position can be a wise decision for those who want to take advantage of a stronger New Zealand dollar.


Resistance levels are: $0.7090, $0.7135-55, $0.7170

Support levels are: $0.6980, $0.6940, $0.6910


The main scenario for the pair's promotion — the pair may rise to $0.7090 (September 23 high)

An alternative scenario — correction, and there may be a decline in the pair to $0.6980 (October 4 high)

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