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050717 NZDUSD

by | Jul 5, 2017 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-07-05
Resistance and Support Level Explanation
Resistance 0.7300 H4
Support 0.7255 H4

NZDUSD, H4: NZDUSD was traded lower following prior retracement near the resistance level at 0.7300 while closing below 60-moving average line (green). MACD histogram which shows substantial downward signal suggests NZDUSD to extend its losses towards the target of support level at 0.7255.

 

Resistance level: 0.7300, 0.7345

Support level: 0.7255, 0.7200