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030418 NZDUSD

by | Apr 3, 2018 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2018-04-03
Resistance and Support Level Explanation
Resistance 0.7250 H4
Support 0.7200 H4

NZDUSD, H4: NZDUSD remains traded within a descending channel while currently testing at the strong support level of 0.7200. Stochastic Oscillator which begins to form a rebound signal from the oversold region may suggest the pair to be traded higher thereafter in the event of a bullish closure.

 

Resistance level: 0.7250, 0.7280

Support level: 0.7200, 0.7185