83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-10-09
Resistance and Support Level Explanation
Resistance 0.7095 H1
Support 0.7055 H1

NZDUSD, H1: NZDUSD was traded higher prior its rebound from support level at 0.7055. Formation of bullish pin bar and possible formation of positive divergence by MACD signal line suggest the pair to undergo short-term bullish momentum to trade higher toward resistance level at 0.7095.

 

Resistance level: 0.7095, 0.7145

Support level: 0.7055, 0.7000