GCMAsia - NZDUSD

NZDUSD
2018-06-14
| Resistance and Support | Level | Explanation |
| Resistance | 0.7040 | H1 |
| Support | 0.7000 | H1 |

NZDUSD, H1: NZDUSD remains traded within a sideways channel following prior retracement from the top level. Both MA line which continues to narrow downward suggests the pair to extend its bias bearish in short-term, towards the strong support of 0.7000.
Resistance level: 0.7040, 0.7070
Support level: 0.7000, 0.6975