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110917 NZDUSD

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

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-09-11
Resistance and Support Level Explanation
Resistance 0.7275 H4
Support 0.7185 H4

NZDUSD, H4: NZDUSD was traded lower after breaking support level at 0.7275. Formation of bearish engulfing candlestick together with negative divergence as portrayed by MACD histogram suggests the pair to continue its losses toward the next support level at 0.7185.

Resistance level: 0.7275, 0.7335

Support level: 0.7185, 0.7140