GCMAsia - NZDUSD
NZDUSD
2017-06-05
| Resistance and Support | Level | Explanation |
| Resistance | 0.7160 | Daily |
| Support | 0.7095 | Daily |
NZDUSD, Daily: NZDUSD extended its gains following prior formation of golden cross by both moving average line. However, recent retracement suggests NZDUSD to be traded lower in short-term as technical correction. Otherwise, long-term trend direction still suggests NZDUSD to extend its upward momentum towards the target of resistance level at 0.7160.
Resistance level: 0.7160, 0.7255
Support level: 0.7095, 0.7030