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GCMAsia - NZDUSD
NZDUSD
NZDUSD
2018-03-08
Resistance and Support Level Explanation
Resistance 0.7330 H1
Support 0.7280 H1

NZUDSD, H1: NZDUSD remains traded within an ascending channel following prior rebound from the bottom level. MACD histogram which illustrate diminishing downward momentum suggests some bullish bias. Thus, a rebound from the support level of 0.7280 is required to further validate such bias.

 

Resistance level: 0.7330, 0.7400

Support level: 0.7280, 0.7230