GCMAsia - NZDUSD
|Resistance and Support||Level||Explanation|
NZDUSD, Daily: NZDUSD extended its rally following prior upward expansion of both MA lines after the formation of death cross. However, as upward momentum from MACD histogram begins to subside, NZDUSD may be traded lower in short-term as technical correction. Long-term trend direction suggests NZDUSD to move further up after closing above the resistance level of 0.7255.
Resistance level: 0.7255, 0.7375
Support level: 0.7160, 0.7095