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011117 NZDUSD

by | Nov 1, 2017 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-11-01
Resistance and Support Level Explanation
Resistance 0.6950 H4
Support 0.6880 H4

NZDUSD, H4: NZDUSD was traded higher following prior rebound from the strong support level near 0.6830. Prior bullish candlestick formation while recent closure above the 20-MA line (red) suggest further upside bias towards the next target at 0.6950.

 

Resistance level: 0.6950, 0.7040

Support level: 0.6880, 0.6830