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090517 NZDUSD

by | May 9, 2017 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-05-09
Resistance and Support Level Explanation
Resistance 0.6920 H4
Support 0.6890 H4

NZDUSD, H4: NZDUSD was traded lower following prior retracement from the resistance level of 0.6920. With regards to the upward signal line from MACD histogram which continues to narrow downwards, a closure below the support level of 0.6890 would suggest NZDUSD to move further downwards.

 

Resistance level: 0.6920, 0.6945

Support level: 0.6890, 0.6835