GCMAsia - NZDUSD
NZDUSD
2017-05-10
| Resistance and Support | Level | Explanation |
| Resistance | 0.6915 | H1 |
| Support | 0.6900 | H1 |
NZDUSD, H1: NZDUSD remains traded within a narrowing triangle following prior rebound from the lower level of the triangle. A closure above the resistance level of 0.6915 would suggest NZDUSD to advance towards the upper level of the narrowing triangle. Long-term trend direction could only be determined after a successful breakout from either side of the triangle.
Resistance level: 0.6915, 0.6940
Support level: 0.6900, 0.6885