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010617 NZDUSD

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

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-06-01
Resistance and Support Level Explanation
Resistance 0.7075 H1
Support 0.7055 H1

NZDUSD, H1: NZDUSD remains traded within an upward channel following prior retracement from the top level. Recent retrace from the strong resistance level of 0.7075 while both moving average line continues to narrow downwards suggests NZDUSD to move further down, towards the target of support level at 0.7055.

 

Resistance level: 0.7075, 0.7100

Support level: 0.7055, 0.7035