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101117 NZDUSD

by | Nov 10, 2017 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-11-10
Resistance and Support Level Explanation
Resistance 0.6970 H1
Support 0.6930 H1

NZDUSD, H1: NZDUSD was traded within an upward channel while recently closed above the 20-MA line (red). Such price action suggests further upside bias for the pair and it is expected to extend its gains towards the next target at 0.6970.

 

Resistance level: 0.6970, 0.7000

Support level: 0.6930, 0.6905