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040717 NZDUSD

by | Jul 4, 2017 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-07-04
Resistance and Support Level Explanation
Resistance 0.7300 H4
Support 0.7255 H4

NZDUSD, H4: NZDUSD has recently broke off from the upward trend line, signalling a change in trend direction to move further downwards. Both MA lines which begins to narrow downwards suggests NZDUSD to extend its downward momentum after breaking the support level of 0.7255.

 

Resistance level: 0.7300, 0.7345

Support level: 0.7255, 0.7200