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100918 NZDUSD

by | Sep 10, 2018 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2018-09-10
Resistance and Support Level Explanation
Resistance 0.6540 H1
Support 0.6510 H1

NZDUSD, H1: NZDUSD was recently traded lower following prior breakout below the previous support level 0.6540. Recent price action and MACD which display bearish momentum and the formation of a death cross suggest the pair to extend its losses after a breakout below the support level 0.6510.

 

Resistance level: 0.6540, 0.6570

Support level: 0.6510, 0.6470