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160517 NZDUSD

by | May 16, 2017 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-05-16
Resistance and Support Level Explanation
Resistance 0.6915 H4
Support 0.6870 H4

NZDUSD, H4: NZDUSD remains traded within a downward channel following prior rebound from the bottom level of the channel. A closure above the 60-moving average line (green) would suggest NZDUSD to advance further up, towards the target of resistance level at 0.6915.

 

Resistance level: 0.6915, 0.6965

Support level: 0.6870, 0.6815