83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-10-05
Resistance and Support Level Explanation
Resistance 0.7185 Daily
Support 0.7145 Daily

NZDUSD, Daily: NZDUSD has recently broke out from the bottom level of descending triangle while currently testing at one of the key support near 0.7145. Both MA lines which continues to skew downwards suggests an ongoing downside bias after successfully closing below this level.

 

Resistance level: 0.7185, 0.7275

Support level: 0.7145, 0.7100