GCMAsia - NZDUSD

NZDUSD
2018-06-06
| Resistance and Support | Level | Explanation |
| Resistance | 0.7040 | H1 |
| Support | 0.7010 | H1 |

NZDUSD, H1: NZDUSD remains traded within an ascending channel following prior rebound from the 20-MA line (red). MACD histogram which has formed an upward signal suggests the pair to extend its gains after breaking the resistance level at 0.7040.
Resistance level: 0.7040, 0.7060
Support level: 0.7010, 0.6980