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040817 NZDUSD

by | Aug 4, 2017 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-08-04
Resistance and Support Level Explanation
Resistance 0.7465 H4
Support 0.7415 H4

NZDUSD, H4: NZDUSD was traded lower following a retracement from the 20-MA line (red). Recent formation of death cross by both MA line, coupled with recent price movement suggests NZDUSD to extend its losses towards the support level of 0.7415.

 

Resistance level: 0.7465, 0.7520

Support level: 0.7415, 0.7375