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020517 NZDUSD

by | May 2, 2017 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-05-02
Resistance and Support Level Explanation
Resistance 0.6925 H4
Support 0.6895 H4

NZDUSD, H4: NZDUSD was traded higher following prior rebound from the support level of 0.6845. As the MACD indicator continues to drift outside of downward momentum, a closure above the resistance level of 0.6925 would suggest NZDUSD to extend its upward momentum.

 

Resistance level: 0.6925, 0.6950

Support level: 0.6895, 0.6845