Today, the NZD/USD pair is trading in the range of $0.7145-75 and is testing the MA (200) H1 moving average line ($0.7150) on the hourly chart. On the four-hour chart, the pair is trading above MA (200) H4 ($0.7055). Technically speaking, a strong resistance level of $0.7180 may keep prices from rising further. If it breaks through, prices may rise to $0.7200. The lower bound of $0.7105 represents the support level. The most probable range of the pair's movement for today may be hidden within the range of $0.7105-80
⦁ Resistance levels are: $0.7180, $0.7200, $0.7220
⦁ Support levels are: $0.7130, $0.7105, $0.7070
The main scenario for the pair's promotion — the resistance breakout is $0.7180 (November 4 high) and there may be an increase to $0.7200 (November 1 high)
An alternative scenario — correction, and there may be a decrease to $0.7105 (November 8 low).
