GCMAsia - NZDUSD
NZDUSD
2018-05-30
| Resistance and Support | Level | Explanation |
| Resistance | 0.6905 | H1 |
| Support | 0.6885 | H1 |
NZDUSD, H1: NZDUSD was traded higher following prior rebound from the strong support level at 0.6885. However, both MA lines which continues to expand downward suggests further bearish bias. Thus, a retracement from the target of 0.6905 would suggest the pair to resume its bearish trending.
Resistance level: 0.6905, 0.6920
Support level: 0.6885, 0.6870