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040518 NZDUSD

by | May 4, 2018 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2018-05-04
Resistance and Support Level Explanation
Resistance 0.7055 H1
Support 0.7030 H1

NZDUSD, H1: NZDUSD extended gains following prior rebound from the 20-MA line (red). However, MACD histogram which illustrate the formation of bearish signal may suggests the pair to be traded lower in short-term as technical correction before extending its bullish bias thereafter.

 

Resistance level: 0.7055, 0.7105

Support level: 0.7030, 0.6990