GCMAsia - NZDUSD

NZDUSD
2017-08-11
| Resistance and Support | Level | Explanation |
| Resistance | 0.7355 | Daily |
| Support | 0.7250 | Daily |

NZDUSD, Daily: NZDUSD extended its downtrend following prior closure below the 23.6 Fibonacci level of 0.7355. MACD histogram which illustrates negative divergence suggests NZDUSD to extend further down after breaking the support level of 0.7250.
Resistance level: 0.7355, 0.7455
Support level: 0.7250, 0.7170