GCMAsia - NZDUSD

NZDUSD
2018-03-07
| Resistance and Support | Level | Explanation |
| Resistance | 0.7330 | H1 |
| Support | 0.7280 | H1 |

NZDUSD, H1: NZDUSD remains traded within an ascending channel following prior retracement from the top level. MACD histogram which forms a downward signal may suggests the pair to be traded lower in short-term after closing below the target of 0.7280. Otherwise, long-term trend direction still subjects to the ascending channel formation.
Resistance level: 0.7330, 0.7440
Support level: 0.7280, 0.7230