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260418 NZDUSD

by | Apr 26, 2018 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2018-04-26
Resistance and Support Level Explanation
Resistance 0.7080 H1
Support 0.7030 H1

NZDUSD, H1: NZDUSD extended its major bearish trend following prior closure below the support level at 0.7080. Both MA lines which continues to expand downwards suggests the pair to move further down towards the direction of support level at 0.7030.

 

Resistance level: 0.7080, 0.7105

Support level: 0.7030, 0.6985