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030517 NZDUSD

by | May 3, 2017 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-05-03
Resistance and Support Level Explanation
Resistance 0.6965 H1
Support 0.6940 H1

NZDUSD, H1: NZDUSD were traded lower following prior retracement from previous high of 0.6965. As the MACD histogram begins to illustrate downward signal, a closure below the support level of 0.6940 would suggest NZDUSD to extend its downward momentum.

 

Resistance level: 0.6965, 0.6990

Support level: 0.6940, 0.6920