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GCMAsia - NZDUSD
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