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110517 NZDUSD

by | May 11, 2017 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-05-11
Resistance and Support Level Explanation
Resistance 0.6835 H1
Support 0.6185 H1

NZDUSD, H1: NZDUSD has recently broke out from the bottom of upward trend line, suggesting a change in trend direction to move further downwards. As the downward signal line from MACD histogram continues to expand downwards, a closure below the support level of 0.6815 would suggest NZDUSD to extend its losses.

 

Resistance level: 0.6835, 0.6860

Support level: 0.6185, 0.6790