GCMAsia - NZDUSD
NZDUSD
2017-05-04
| Resistance and Support | Level | Explanation |
| Resistance | 0.6960 | Daily |
| Support | 0.6860 | Daily |
NZDUSD, Daily: NZDUSD were traded in a descending triangle while currently testing at the support level of 0.6860. A successful closure below this level would signal a change in trend direction to move further downwards. Otherwise, a rebound would suggest NZDUSD to be traded higher in short-term within the triangle thereafter.
Resistance level: 0.6960, 0.7090
Support level: 0.6860, 0.6755