GCMAsia - NZDUSD
NZDUSD
2017-04-05
| Resistance and Support | Level | Explanation |
| Resistance | 0.7000 | H4 |
| Support | 0.6970 | H4 |
NZDUSD, H4: NZDUSD remains traded within a downward channel while currently testing near the bottom level of the channel. A successful rebound from the support level of 0.6970 would suggest NZDUSD to be traded higher in short-term within the downward channel. Otherwise, a breakthrough from the bottom level of the channel would signal a change in trend direction to move further downwards thereafter.
Resistance level: 0.7000, 0.7035
Support level: 0.6970, 0.6930