GCMAsia - NZDUSD
NZDUSD
2017-05-08
| Resistance and Support | Level | Explanation |
| Resistance | 0.6965 | Daily |
| Support | 0.6860 | Daily |
NZDUSD, Daily: NZDUSD remains traded within a descending triangle following recent rebounded from the support level of 0.6860. It is suggested to be traded higher in short-term, towards the target of resistance level at 0.6965. Long-term trend direction could only be determined after a successful breakout from either side of the triangle.
Resistance level: 0.6965, 0.7050
Support level: 0.6860, 0.6755